2026-01-17 06:27:12

Good weekend everyone, let's talk about the recent market rhythm.

Last night, both Bitcoin and Ethereum surged, but later they pulled back. Today, there was some rebound, but the momentum was weak and couldn't recover yesterday's losses. Specifically, Bitcoin reached a high of 95,700 and is now retracing around 94,300, fluctuating back and forth; Ethereum hit 3,320 and has pulled back to 3,252, currently consolidating around 3,280.

The market rhythm has changed long ago, no longer like the sharp, one-sided rise at the beginning of the year. Now, it's a repeated grind at high levels, with significantly fewer traders chasing highs. Both bulls and bears are stuck in a stalemate. The Federal Reserve's rate cut expectations still provide some support, but the problem is the lack of new catalysts. Currently, the key issue is the US stance on crypto regulation negotiations. If there is progress, it could likely break the current deadlock.

Operationally, it's advised not to follow the trend blindly. Focus on key support and resistance levels, and wait for new news to break the stalemate.

BTC-0.26%

ETH-0.08%

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PortfolioAlert

· 3h ago

High-level fluctuations are really exhausting; it's better to honestly hold onto the support level. Waiting for news, catalysts come when they come. The craziness at the beginning of the year is gone, now everyone is betting on negotiation progress. Touching 95700 and then pulling back, it's uncomfortable to watch. During deadlock, it's better not to move recklessly; the risk isn't worth it. If there's really some easing on the US side, the market will definitely react. Rather than chasing highs, it's better to stick to the bottom line; consider this wave as a correction. The days of a one-sided market are gone; now it's all about patience.

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MysteryBoxOpener