1.7 Tuesday Morning Bitcoin Market Analysis $BTC

At midnight, Bitcoin began to pull back from a high of 102444, falling all the way down to a low of 101223. This pullback action once again provided us with an excellent opportunity to enter the market. Currently, the market is in a state of range fluctuation. In terms of Ethereum's trend, it faced resistance and retraced from a high of 3744, with the price dropping to a low of 3653.

For Bitcoin, its upward trend is quite evident. From the technical indicator MACD, the current market is in a strong upward phase. To continue achieving breakthroughs, we need to pay attention to the key level around 106057. At the same time, we should also be aware of the situation near two other resistance levels. If it cannot break through, we need to watch for smaller level support around positions such as 100651, 99871, and 99180. As long as the pullback does not break these support levels, the market remains in the hands of the bulls. Based on this market analysis, the morning operations continue to follow the strategy of buying on dips.

Bitcoin: Can buy around 101000-101500, short-term target 103000

Ethereum: Can buy around 3620-3640, short-term target 3750

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