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1.31 Friday noon BTC ETH Silk Road and Suggestions
BTC rose to the first resistance level near 106400 in the early morning of the overnight, and fell back to the current low above the first support level of 103600;
ETH has repeatedly surged to the first resistance level at 3280 and then dropped back to test it. Currently, it is rebounding above the critical level. Today, the intraday trend is still mainly a pullback. As long as there is a pullback, it will be a pullback.
BTC
Currently, the 4-hour chart is stabilizing around the 104500 level. If the small-scale pullback is over, we can expect an upward movement with resistance at around 105500, 106400, and 107300. On the other hand, if the small-scale stability at this level is not maintained, we may see a pullback with support at around 103500, 102500, and 101300. If the first support level is not broken, we can still expect a rebound.
ETH
ETH is currently rebounding at the key level of Do Kung the next day, stabilizing around the 3250 level on a small scale, with resistance above at around 3280, 3320, and 3350; conversely, if the small scale is not stable, it will fall back, with support below around 3200, 3170, and 3140.
The situation in the market is unpredictable, and the market news is overwhelming. It's difficult to distinguish between truth and falsehood. If you are confused and directionless, trust in the discussions with others, and you may get unexpected results.