January 12th Bitcoin and Ethereum Market Observation

Bitcoin's recent weekly candle opened with a volume contraction and a rebound, but the momentum appears relatively weak. The 93,000 level remains the current battleground between bulls and bears. The issue is that overall market liquidity is at a 22-year low, and short-term (4-hour) technical signals are frequently invalidating, causing the price to fluctuate within a range.

From a trading perspective:

If the price initially dips, the 90,000–90,500 zone is worth watching as a good support area for entry. If a rebound approaches 93,000–93,500, this zone still overlaps with previous accumulated trading volume and resistance levels, making it a key short-term battleground to understand.

In simple terms, the current market is not suitable for chasing prices; the key is to grasp the rhythm within these critical zones.

Ethereum is closely following Bitcoin's movement, currently stuck in a narrow range of 3050–3180, with no clear direction in the short term. The focus of the tug-of-war between bulls and bears is around the support zone of 3030–3060. Whether this area holds or not will directly determine short-term volatility. Until a substantial breakout occurs, it’s safer to treat it as a consolidation pattern.

Pay attention to US data
📌 US Unadjusted CPI Year-over-Year
🕘 Release Time: January 13th, 21:30 (Beijing Time)

This set of data is likely to have a significant impact on market risk appetite and short-term volatility. Close attention should be paid to price movements before and after the release.