January 30th BTC/ETH:

After the Federal Reserve meeting, the return of the black swan signals market uncertainty, and the market is in distress!

Last night, precious metals plunged from high levels, and cryptocurrencies followed with a waterfall decline, liquidating $1.6 billion in 24 hours. Yesterday, it was clearly stated that the market would experience a round of secondary decline, with a rebound above 8800, and the lowest could be down to 8100. A 7000-point drop was indeed a bit unexpected. The market is like life—surprises and unexpected events coexist. Planning ahead can largely avoid surprises; what’s left are just unexpected events?

BTC
The current trend has dipped near the daily support level. If it falls below 8060 again, it will trigger a weekly-level correction, with a target of 7500. From the current small-scale trend, the four-hour K-line shows bullish engulfing and RSI oversold coexistence, indicating a bottoming pattern. The intraday rebound resistance is at 8340-8450. Only a rebound that breaks through and stabilizes above these two levels can be considered a stop to the decline. Depending on the situation, wait for a rebound at these levels. Chasing after a rebound now is unwise; in the short term, focus on retesting the support!

Around 8160-8200, with a defense at 8080, aiming for a breakout above 8340 to target 8450-8550.

ETH
Around 2672-2698, with a defense at 2625, aiming for a breakout above 2742-2783 to target 2836.

Short-term trading is flexible and varies; defense depends on your actual position! $BTC #贵金属行情下跌