January 12 | Bitcoin & Ethereum Market Analysis

Bitcoin (BTC)
Bitcoin's weekly chart shows a volume-contracted rebound after opening, with overall momentum remaining weak. The 93,000 level continues to be the key dividing line between bulls and bears. In the context of market liquidity at its lowest in nearly 22 years, short-term (4-hour) technical signals frequently fail, and prices tend to fluctuate within a range.

Strategy:

- If the price pulls back first, the 90,000–90,500 zone can be considered a low-level support area;

- If the rebound approaches the 93,000–93,500 zone, this area remains a zone of previous high trading volume and overlapping resistance, representing a critical phase for market battles.

Overall, the current market conditions are not suitable for chasing prices; the focus should remain on key ranges for rhythm judgment.

Ethereum (ETH)
Ethereum remains highly correlated with Bitcoin, currently trading within a narrow range of 3050–3180, with no clear short-term direction yet.

The market structure indicates that the focus of bulls and bears is concentrated around the 3030–3060 support zone. Gains and losses in this area will directly influence short-term volatility; until a clear breakout occurs, it is more reasonable to view the market as oscillating.

Key macro events to watch
📌 US Core CPI (YoY) (%,)
🕘 Release Time: January 13, 21:30 (Beijing Time)
This data may significantly impact market risk appetite and short-term volatility. Pay attention to price reactions before and after the release.