January 26 BTC/ETH：

A new week begins, geopolitical tensions escalate, gold rises to a historic high of 5000, while Bitcoin, which also has safe-haven attributes, is moving in the opposite direction and has fallen back to 8600. Ultimately, it reflects the market's risk appetite preferences, amplifying inverse volatility. Last week, we started warning from 97,000, with a wave pattern offering a thousand points of space. Some of that has been missed now, and the biggest short-term impact is from the Federal Reserve's policy meeting on Wednesday!

BTC
Currently, the market is in a low-position consolidation phase after a decline. The candlestick shows an engulfing pattern, indicating some rebound demand. However, on a larger scale, the overall trend is still dominated by a downward wave. Large outflows of main funds and shrinking trading volume weaken the rebound strength. Short-term resistance is around 8850. If it cannot stabilize above this level, the rebound lacks momentum and the decline may continue, mainly in a downward wave.

Focus on the 8800-8850 range for consolidation, with a support at 8940. The target is 8680-8600; if broken, look towards 8520.

ETH
Focus on the 2880-2904 range for consolidation, with a support at 2956. The target is 2835-2780; if broken, look towards 2620.

Short-term trading is flexible and should be adjusted based on your own position! $BTC #黄金白银再创新高