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Is a sharp drop imminent on the last day of the monthly chart?

2026-01-31 04:27:18
Shareshare
Looking at the daily chart, Bitcoin closed at 84200, and Ethereum closed at 2705. Bitcoin's break below the previous consolidation range of 84500 isn't ideal, as the downward movement wasn't very significant, and it's still some distance from breaking the monthly support of 82800. However, Ethereum has broken below the previous consolidation range of 2770, with monthly support at 2500. A further drop to the 2200-2300 range is possible. Therefore, don't miss these excellent entry points for short positions! Bitcoin: Short at 84000-84500, short-term target 83000-82000, medium-to-long-term target 80000-75000! Stop-loss at 86000! Ethereum: Short at 2740-2770, short-term target 2680-2650, medium-to-long-term target 2500-2300! Stop-loss at 2880! The strategies are time-sensitive; please refer to the information on the homepage for details, and take private real-time guidance as the standard!
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