According to independent calculations, the market today remains dominated by bears, with risk assets collectively under pressure, and cryptocurrencies struggling to stand out. On the macro level, hawkish nominations by the Federal Reserve have triggered market panic, with precious metals plummeting over 12% in a single day, risk-averse sentiment rising, and the crypto market facing similar pressure; technically, Bitcoin and Ethereum have both broken through key support levels, with rebounds weak and all intra-day rebounds seen as high-altitude shorting opportunities.
Bitcoin Direction: Short Entry Range: 84600-85100 Target: 83000-82000
Ethereum Direction: Short Entry Range: 2740-2790 Target: 2650-2600#贵金属行情下跌
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Market Analysis for the Morning of January 31st
According to independent calculations, the market today remains dominated by bears, with risk assets collectively under pressure, and cryptocurrencies struggling to stand out. On the macro level, hawkish nominations by the Federal Reserve have triggered market panic, with precious metals plummeting over 12% in a single day, risk-averse sentiment rising, and the crypto market facing similar pressure; technically, Bitcoin and Ethereum have both broken through key support levels, with rebounds weak and all intra-day rebounds seen as high-altitude shorting opportunities.
Bitcoin
Direction: Short
Entry Range: 84600-85100
Target: 83000-82000
Ethereum
Direction: Short
Entry Range: 2740-2790
Target: 2650-2600#贵金属行情下跌