1.29 Thursday Latest Bitcoin and Altcoin Strategies

Last night, our low-buying strategy once again hit point-to-point, with both Bitcoin and altcoins reaching the first target levels before facing resistance and declining. There is still good room for movement. Tonight is another critical period for bulls and bears to compete. The overall rhythm remains steady and advancing!

Recently, Bitcoin and altcoins have been affected by factors such as Federal Reserve policies, resulting in a volatile trend. The battle between bulls and bears is intense. Short-term directions should focus on news related to the Federal Reserve and US initial jobless claims data. Technical indicators on the daily chart show resistance from above, with insufficient upward momentum on the four-hour chart. Strength and weakness indicators point downward, and the hourly chart shows selling pressure. Overall, the market is in a converging oscillation zone with low trading volume.

Note! Key support levels are at 87,000 and 2,920. Effective support will continue to lead to rebounds and upward movements. Watch the recent daily high points at 90,500 and 3,050. Only a valid breakout can open the upward space.

Bitcoin: 86,800-87,600 range, →90,500, 92,000; Altcoins: 2,890 to 2,930 range, →3,050, 3,110.
Breakouts continue to target 93,000 and 3,200 levels.

Personal opinion, for reference only, not investment advice!