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Gu Jingci: Bitcoin/Ethereum traded sideways over the weekend; watch whether a bottom can be formed.

2026-01-10 16:38:51
Shareshare

Bitcoin/Ethereum has been trading within a narrow range for the past few days, with weak overall momentum. The key level to watch is whether a bottom can be formed and a rebound can follow, provided the support below holds. Key support levels to watch are the lows around 3050 and 89000. The recent price action has been range-bound, forming a minor consolidation pattern. A sharp drop was followed by a rebound, but it failed to break through the previous highs of 3180 and the resistance levels around 92500. Technically, the MACD remains in negative territory with a shortening histogram, indicating weakening bearish momentum, but the bears still dominate. However, the overall trend remains sideways. The view for tonight remains unchanged: buy on dips, expecting a rebound. Daily analysis and strategies have a high success rate and are available for viewing. However, these analyses and strategies are for reference only; please bear your own risk. Article review and publication are not timely; please refer to real-time updates.

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