On January 27th, the market lost the upward momentum at the beginning of the year and entered a phase of consolidation and bottoming. Bitcoin fluctuated between 86,900 and 88,800, testing the support level at 87,500 several times, and is now hovering around 88,500; Ethereum experienced an even smaller range, between 2,875 and 2,950, unable to break through the key 3,000 level.

This wave of adjustment is mainly because everyone is seeking safety, and funds are flowing into gold (which has broken the new high of $5,000), while capital is flowing out of cryptocurrencies. In the short term, the market will still be volatile. $BTC Bitcoin needs to hold between 86,500 and 87,000, and $ETH Ethereum should stay steady between 2,850 and 2,870. Investors should avoid blind operations now, focus on preserving capital, and wait until the market direction becomes clear before taking action. Always set proper take-profit and stop-loss levels when trading. #ETH走势分析