2.3

Yesterday, CME futures opened with a significant decline, but started to recover during the European session. The expectation that the government shutdown would end by Monday seems to be delayed by a few more days. This shutdown has once again delayed the release of labor data, but the January data is no longer very important. Everyone is more focused on the trend after the transition. Therefore, in the short term, there are no major fundamental bearish signals.

BTC
The idea shared yesterday was that as long as 76,400 is not broken, there would be a small rebound. Yesterday, after a false break at 76,400, the price rebounded upward and hit the resistance level we mentioned. The recent decline from 74,500 was the starting point of the previous rally. This level is likely to form a consolidation zone, so today’s focus should be on the four-hour rebound strength. After bouncing from this level, the price may move down again, and we should watch whether a divergence can form on the four-hour chart to trigger a rebound. In the next couple of days, watch for a rebound around 80,500. If it doesn’t break, be alert for a downward move. Support levels are 77,600-74,500, and resistance levels are 79,400-80,700.

ETH
Ethereum’s current position should also be considered in conjunction with Bitcoin. Focus on the one-hour chart to see if it can stay above zero and continue upward. Also, pay attention to the four-hour chart to see if it can sustain an upward move. The idea is similar: after completing a four-hour move, it may move down again. In summary, the intraday trend is expected to oscillate upward, but the overall direction remains downward. Support levels are 2,285-2,230, and resistance levels are 2,400-2,530.