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Gate ELSA Futures Trading Challenge is Now Live!
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January 22nd Bitcoin and Ethereum Market Analysis
Bitcoin is gradually recovering from recent turbulence caused by tariffs. It continues to consolidate in a dense trading zone around $88,000, and as the impact of the event is gradually digested, the room for a significant decline has become very limited. It is expected to stabilize gradually and initiate a new round of rebound.
Ethereum has effectively stabilized after a brief dip below $2,900. Its trend now shows potential to test $3,100 upwards. However, before that, the market still needs a period of consolidation to complete technical structure repair.
Trading Suggestions:
Intraday Support: 87,500-88,000 Buy
Intraday Resistance: 92,500-93,000 Sell