January 8th BTC/ETH:



Can the sideways consolidation at low levels rebound?

Last night’s US ADP data was below expectations, which cooled down the Fed’s rate cut expectations. The probability of maintaining interest rates in January decreased to 88.4%. Meanwhile, the US dollar strengthened to 98.5, suppressing cryptocurrencies. On-chain capital outflows are evident. Short-term focus: January FOMC meeting, non-farm payroll data, and Fed speeches—three key factors influencing liquidity trends!

BTC
The daily chart shows a pullback from above 9450. Currently, the price is consolidating with decreasing volume. The KDJ indicator is turning down and forming a death cross, testing support levels. This correction is not over yet. Intraday resistance for a rebound is around 9180. A daily close above this level indicates the rebound lacks strength and may continue downward.

Range around 9180-9230, with a target of breaking below 9060 to see 8920-8820.

ETH
Range around 3192-3218, with a target of breaking below 3156 to see 3116-3072.

Short-term trading should be flexible and adaptable. Defensive strategies depend on your actual position! $BTC #美司法部抛售比特币
BTC0,43%
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