Above $BTC , near 97200, near $ETH 3380, it seems the pressure was underestimated. It just touched nearby and then dropped sharply. The long position at 3290～3270 was reduced near 3380, and the remaining position was stopped out early due to the sudden drop. Currently, there is no position. It's recommended to keep the short positions mentioned in the article hanging. If it rebounds, it might be a fakeout from the recent sharp drop. However, substantial profits have already been taken. If it doesn't go up, a new strategy will be updated in the chat room later. Please pay attention to the chat room messages!

January 15 BTC/ETH Market Analysis

Hello everyone, recently there have been fewer market analysis articles on the square, mostly sharing strategies directly in the Binance chat room for free. If you haven't joined yet, feel free to come in and discuss: 江枫策略交流. In the morning chat room, a long position was suggested around $ETH 3290～3270, and at around 3380, it was advised to reduce part of your position. The remainder can be used to gamble on 3430, and short positions around 3435～3450 (light position, 2%) can be considered. If the entry opportunity hasn't been reached yet, just wait patiently!

Ethereum currently faces a minor resistance around 3380. The main resistance remains in the 3435～3470 and 3630 range. This range is suitable for attempting a short position, so those who haven't taken a long position are advised to watch 3435～3470 and consider placing a small short position to gamble on a break below 3280. (After making profits, adjust your position accordingly to lock in some gains based on your own position size.)

Currently, above $BTC , the short-term resistance is around 97200, with the main resistance still at 98500. If this level is effectively broken and held, it might reach the 100,000 mark. However, personally, I think the resistance here is still quite strong, making it worth gambling on a short position. Therefore, those without a long position at lower levels can consider placing a small short position around 98500, with a small stop-loss. Target levels are 97200 down to 94000～93200. Real-time market movements should follow the live chat room updates!

The above are purely personal views by Jiang Feng, with many uncertainties—please consider carefully! For those who have already reduced their Ethereum long positions around 3290～3270 at around 337, it's recommended to set a breakeven stop and then gamble on 3430. There may be a ±5 point deviation in Ethereum entry and exit prices, and ±100 point deviation for Bitcoin.

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