"Market Analysis for 1.14: Reaching a New Top Again, Followed by a Narrow Range Correction to Close the Month"

Yesterday's market finally reached a new top again. Since Monday, we've been discussing the height of this wave. The overall expectation is to reach around 96,000 in the 4-hour Vegas channel. Currently, Bitcoin is pulling back near this level. Many altcoins are also starting to catch up. Since we've reached a new top again, the CCI indicator is also testing the zero line (which won't move up instantly), and the OBV shows no significant increase. The 4-hour Vegas channel won't break through immediately. So, this is just a top test, not a trend reversal.
Therefore, after this top test, the market will enter a correction phase within a narrow range. In January, it will mainly oscillate within this range to prepare for the trend upward in February.
$BTC Bitcoin's short-term resistance today is at 96,500. The next resistance levels are at 98,100-98,500. However, I believe the probability of breaking above 98,000 again is very low. The market is now oscillating between upward and downward movements, indicating a correction trend. The initial target for the correction is in the support zone of 92,100-92,600. If there's a deep correction, look around 90,800.
$SOL Satoshi's position yesterday was a long entry at 140.5, with take profit at 145. Unexpectedly, it caught up to 148. Currently, support is at 141, and levels around 136.3 are potential rebound points. The next resistance is at 150.8.
$ETH Ethereum is more of a catch-up move. Support levels are at 3,170-3,150. The frustrating part is the fake breakdown to around 3,020-3,010 before bouncing back.
In summary, after this top test, lower your expectations for a breakout. This is not the start of a trend. The market will enter a correction phase within a narrow range. The key focus now should be on how we position ourselves for the trend upward in February after this correction. This is our top priority from the end of January to February.