The current market overall shows a weak trend, with support below and resistance above, indicating a oscillating downward movement. Although there has been a slight rebound, it remains under pressure from multiple moving averages, with clearly insufficient upward momentum. Bitcoin around 90800 looks at 89500, Ethereum around 3110 looks at 3000.
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1.12 Monday Bitcoin and Ethereum Evening Analysis
The current market overall shows a weak trend, with support below and resistance above, indicating a oscillating downward movement.
Although there has been a slight rebound, it remains under pressure from multiple moving averages, with clearly insufficient upward momentum.
Bitcoin around 90800 looks at 89500, Ethereum around 3110 looks at 3000.