January 25 Evening Market Analysis

Currently, market sentiment is panic (Panic & Greed Index 34), institutional funds are withdrawing in the short term, overall volatility is weak, and ETH is relatively weaker.

1. BTC Key Points

- Critical levels: support at $87,500-$88,000 (strong support at $85,000); resistance at $89,500-$91,000 (strong resistance at $92,500).
- Technical: Daily moving averages are bearish, RSI is neutral to weak, volume is shrinking, short-term consolidation forming a bottom, direction is unclear.

- BTC: Light long positions on pullback to $88,000-$88,500, stop loss at $87,500, target $89,500-$90,500;

Rebound to $90,000-$90,500 encountering resistance, attempt short, stop loss at $91,000, target $88,500.

- ETH: Light long positions on pullback to $2,900-$2,920, stop loss at $2,880, target $2,960-$2,970;

Rebound to $2,970-$3,000 encountering resistance, attempt short, stop loss at $3,015, target $2,915.

Strict risk control is advised.