1.31 Bitcoin/Ethereum key levels nearby, continue to maintain a bullish outlook

Bitcoin/Ethereum yesterday repeatedly set up retracement long positions. Early yesterday, positions were opened around 81,200 and 2,700, but after 24 hours, Bitcoin rose by 3,000 points, while the altcoin remained stagnant. Recently, Bitcoin and Ethereum have been significantly affected by macroeconomic bearish factors, causing sharp price declines and market panic. The short-term trend is biased downward, but since the stochastic indicator has entered the oversold zone, a rebound correction is expected. Currently, the market is around 83,500 and 2,690; entering long positions at these levels is no problem. If not now, then wait until 90,000 and 3,000 to go long?

The market is generally bearish, with some even expecting levels around 60,000 and 2,000. The trend is indeed weak, but there's no need to be overly bearish. On the daily chart, support below the altcoin is near the previous low of 2,620, and the weekly candlestick support is around 2,550. These levels are not far from current prices. With proper position management, look for opportunities to go long in stages. Buy on dips, sell on rallies; when the market is broadly bearish, patiently wait for rebounds to buy.

Trading suggestions: Continue to look for gains around 83,000 to 83,500 for Bitcoin, targeting 85,500 to 87,000; for Ethereum, continue to look for gains around 2,665 to 2,685, targeting 2,770 to 2,850. The medium- to long-term targets of 93,000 and 3,200 remain unchanged.