Market Analysis for January 22:
$BTC Last night, the US stock market finally opened, bringing liquidity to the crypto space. Bitcoin also experienced a long-awaited rally, rising briefly to 90500, then sharply dropping before quickly breaking back above 90000. This clearly indicates a cleanup of leverage used for bottom-fishing longs. Everyone can now feel confident to go long; currently, it is not suitable to short.
$BTC Long entry at 89500-90150, stop loss at 89000
$ETH Long entry at 2970-3005, stop loss at 2930
In the next couple of days, whether the 90000 threshold can hold will determine