Market Analysis for January 24:

BTC has recently continued the volatile downward trend from January 23. Influenced by the linkage with the US stock technology sector, the price experienced a brief resistance pullback in the 89,700 range, dropping to around 88,500, then quickly rebounding to approximately 91,000, indicating strong support below. The current bullish dominance pattern remains unchanged.
ETH is relatively weak; it is recommended to focus on Bitcoin for trading. Once ETH's trend is confirmed, you can consider switching to altcoins.

Trading Recommendations

BTC Long Entry: Enter in the 89,500-90,000 range, stop loss at 89,000

ETH Long Entry: Enter in the 2,950-2,970 range, stop loss at 2,910

Key Observations

Currently, 91,000 has become the new dividing line between bulls and bears. Whether it can be effectively broken through and stabilized will determine the subsequent upward potential. In the short term, attention should be paid to liquidity changes in US stocks and capital flow trends. It is recommended to adopt a low-buying approach and avoid short positions for now.