#数字资产市场动态 1.14 Midday Market Overview: Key Levels for Bitcoin and Altcoins

Looking at the daily chart of $BTC, after being knocked down from 96,800, it’s now fluctuating around 94,800. That long upper shadow yesterday—don’t listen to anyone claiming it’s a main force shakeout; it’s clearly panic selling by latecomers at high levels. The selling pressure is intense, no need to elaborate.

Switching to the 4-hour chart, the rebound after the surge has no real strength; each subsequent high is lower than the previous one. Notice the MACD histogram shrinking, and the two lines are converging—this indicates the bullish momentum is waning, and a retest of lower levels is likely.

Now, take a look at the daily moving average system. EMA7 is still supporting the price, preventing a short-term decline below the bottom; but $BTC is far from EMA30 and EMA120, with a huge divergence—overbought. Are you still chasing longs at this point? That’s like stabbing yourself with a knife.

In simple terms: the trend isn’t broken, but the rally has gone a bit too far. A correction is inevitable. Instead of blindly going long, it’s better to patiently wait for a retest opportunity.

**Optimistic Entry Strategies:**
- $BTC: Short in the 95200-95800 range, first watch the 94000 and 93500 levels; if broken, look towards 92000.
- $ETH: Short in the 3350-3380 range, first targets are 3300 and 3250; if broken downward, watch 3170.

Remember, market rhythm is more important than direction.