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Market Overview for the Morning of January 7
Bitcoin experienced a period of wide fluctuations in the early hours. From yesterday to today, the overall performance shows that as long as the price remains within the middle range, the general direction remains controllable. Currently, Bitcoin is oscillating around $93,400, while Ethereum is trading around $3,280.
In the short term:
Bitcoin's support in the early hours is around the 93,100-92,600 range. If this level holds, focus on the resistance zone between 94,100-95,500. This level is crucial for the intraday market rhythm.
Ethereum's support levels are near 3,860-3,840. The key support below is at 3,310-3,350. If this range is broken, it could face greater pressure moving forward.
Overall, both assets are at critical technical levels. It is recommended to closely monitor their performance within these price ranges.