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.
BTC-1.54%
ETH-2.95%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 5
  • Repost
  • Share
Comment
0/400
Web3ExplorerLinvip
· 4h ago
hypothesis: these support zones are basically the modern equivalent of ancient fortifications—defenders hold the walls or the whole kingdom crumbles, right? 🤔 fascinating how 93100-92600 mirrors the byzantine generals problem... if btc can't hold that line, the entire narrative shifts. bridging the gap between theory and price action is where the real game theory emerges tbh
Reply0
MondayYoloFridayCryvip
· 01-07 00:49
Can we hold the 93100 barrier? I can't sleep, brother.
View OriginalReply0
GasFeeBeggarvip
· 01-07 00:39
It's another critical position, every day is a critical position, it should have fallen long ago.
View OriginalReply0
ChainSpyvip
· 01-07 00:38
Another day of being crushed by the support level, whether it holds or not really depends on luck.
View OriginalReply0
GasFeeNightmarevip
· 01-07 00:31
It's me again staying up late watching the market... Around 93,400, it's starting to fluctuate again. Can this break below and drop to 92,600? Gas fees are still ridiculously high...
View OriginalReply0
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)