Cryptocurrency Market Analysis: Bitcoin and Ethereum on January 28

CN
3 hours ago

Article editing time: January 28, 2026, 10:00 PM. All opinions do not constitute any investment advice! For learning and communication purposes only.

Discipline hides infinite possibilities in life, and its depth also measures the height of life. Every step of deep cultivation has its own echoes; the more disciplined one is, the farther they go. I am Fuzhu, deeply engaged in analyzing mainstream cryptocurrency trends, breaking down market logic with professional accumulation, and providing pragmatic trading ideas.

Market Overview

The total global cryptocurrency market cap barely holds at around $3.02 trillion, with a 24-hour increase of about 1.1%-1.85% and a trading volume of approximately $37.5 billion to $70 billion. Bitcoin rebounded to around $89,000 during yesterday's trading but faced selling pressure, nearly giving back its intraday gains during the U.S. trading session. However, after hitting a low of around $87,500 early this morning, it rebounded again and is currently back above $89,000, recovering previous losses, with market sentiment warming up. Ethereum's trend is similar to Bitcoin's, successfully breaking through the $3,000 mark after the early morning rebound and currently consolidating around $3,000. Altcoins like SOL also saw slight recoveries, with increases of 1%-4%. The Fear and Greed Index is plunging towards the "fear" abyss at 29, with investors fleeing to gold, but don't panic; this wave of "weak dollar + FOMC wait" might be a great "golden pit" for whales to accumulate.

Fundamentals

Institutional demand has rebounded, and after a leveraged washout, small wallet purchases have increased. Long-term holders' supply is rising, and net funds for spot ETFs have shifted from outflows to inflows, providing strong support for the crypto market. Meanwhile, Trump stated he is "not worried at all" about the weakening dollar, which led to a significant drop in the dollar, further driving funds into the crypto market, allowing upward momentum to gradually recover, and prices to rise accordingly.

Policy Environment

Uncertainty in the policy environment has eased somewhat, with the U.S. abandoning tariff threats against the EU boosting the market. However, the delay of the CLARITY Act and Coinbase's support withdrawal has intensified regulatory fog. Chainalysis's money laundering report and Russia's blocking of cryptocurrency news sites highlight global regulatory pressure, but expectations of Fed rate cuts stimulate U.S. stocks, which may indirectly flow into crypto.
Additionally, in an environment of weak global economic growth and low interest rates, investors are highly concerned about market uncertainty, and the trend of funds flowing into the cryptocurrency market may continue, with the appeal of safe-haven assets like gold and cryptocurrencies continuously increasing.

Technical Analysis

BTC is currently consolidating around $90,000. It hit a low of around $88,700 in the early session, then rebounded to a high of around $90,500. It is currently in a rebound repair phase. Although it has broken through the $90,000 mark, it has not yet stabilized effectively. Attention should be paid to whether it can confirm support on a pullback before considering entry. Also, watch for the Federal Reserve's interest rate decision early tomorrow morning; although a rate hold is expected, the Fed's wording and statements may trigger market volatility, indirectly affecting the cryptocurrency market.

In terms of operations, consider placing long positions on BTC at a pullback to $89,000 and on ETH at $2,950. (Remember to control contract positions within 10% and set stop-losses.)

Disclaimer: The above content is personal opinion, and the strategies are for reference only and should not be used as investment basis. Any risks taken are at your own discretion.

Friendly Reminder: The above content is created by the public account: Fuzhu Zhiyuan. The advertisements at the end of the article and in the comments section are unrelated to the author. Please discern carefully. Thank you for reading.

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