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Morning Market Report | January 21
Today's market is indeed a bit tug-of-war. Bitcoin continues to weaken, and the recent rally from yesterday now looks suspicious. Looking back, last week's surge resembles a major institution manipulating the market, with the entire rhythm exuding a cliché "whale" style—first pushing up, then gradually distributing at high levels, trapping retail investors.
Bitcoin continues its downward trend, with limited room for short-term rebounds. Ethereum's performance is also lackluster, with no notable highlights on the daily chart.
In the current market environment, it is indeed difficult for ordinary investors to find definitive opportunities. There is a huge gap between institutional chip layout and retail expectations, which is why many feel that making money in this market is so challenging. It is recommended to continue observing the performance of key support levels and wait for clearer directional signals before taking action.