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The main news in the cryptocurrency market today is focused on three aspects: macro policies, regulatory dynamics, and market data, presenting an overall pattern of mixed long and short positions.
The US Supreme Court plans to make a ruling on the legality of global tariffs implemented during the Trump era on January 9th Eastern Time. If tariffs are ruled illegal, the US Treasury Department may need to refund importers up to $133-140 billion in funds, a potential liquidity change that could affect US dollar liquidity and pricing of risk assets, including cryptocurrencies. The market is cautious and has a strong wait-and-see atmosphere before the ruling is announced.
Market data and capital flow
Bitcoin ETF outflows slow down: A report from JPMorgan Chase indicates that fund outflows from Bitcoin and Ethereum ETFs began to stabilize in January, and market selling pressure may be approaching the tail.
Ethereum institutions increase holdings: On chain data shows that institutions such as BlackRock have continued to purchase ETH worth approximately $149 million in the past three trading days, indicating that long-term funds are still accumulating.
The current news is mixed with long and short news, and macro events (tariff rulings) may become short-term catalysts.
【 3. ETH short-term trend judgment 】
- Daily level: The price has fallen below the 30 day moving average (approximately $3150), and the RSI indicator has fallen to around 45, indicating short-term bearish momentum but not entering oversold territory;
-4-hour level: MACD is running below the zero axis, KDJ indicator is blunting at a low level, and the short-term technical outlook is weak;
- Key support: $3050 (recent low point+psychological threshold), $3000 (integer threshold+early intensive trading area)
- Key resistance levels: $3150 (30 day moving average+previous support conversion resistance), $3200 (middle Bollinger Bands)
Tonight we will talk about the trend and layout of the market, teach indicators, deviate from techniques, follow the live broadcast room, take you through bull and bear markets, welcome to interact.
Meeting number: 6321551049
Disclaimer: The above content only represents the author's personal opinion and is intended to assist investors in understanding information related to the capital market. It does not constitute any investment advice and does not represent the position or viewpoint of AiCoin. The market is risky and investments should be made with caution.