January 5 Trading View:

Recently, the overall cryptocurrency market has shown characteristics of high-level fluctuations weakening. From the perspective of Bitcoin's trend, the price has repeatedly faced resistance in key high areas, and the rebounds have consistently lacked sustainability. The high points on the 4-hour chart are gradually declining, and the market structure has shifted from strong upward movement to weak oscillation. Meanwhile, momentum indicators continue to weaken, and the willingness to follow up with funds is decreasing. If the rebound cannot stabilize in the pressure area, there is a need for further pullback correction, and the short-term strategy should be to look for shorts as rebounds face pressure.

For Ethereum, the overall rhythm is highly consistent with Bitcoin, but the rebound strength is relatively weaker. Multiple attempts to rise have been suppressed by dense resistance above, and after failing to break through, the speed of the pullback is rapid, indicating heavy selling pressure above. Short-term indicators are in a state of high-level stagnation, and there is a technical need for a retest of lower support. If the support is broken, the pullback space is expected to open up further.

In summary, the current market is not suitable for blindly chasing long positions. The operation should be mainly trend-following, with a focus on the performance of pressure after rebounds. Short positions can be considered for gradual layout while strictly controlling risks. Once the key resistance level is broken with volume, the bearish outlook needs to be corrected in a timely manner. There are always opportunities in the market; the key is to grasp the rhythm and execute discipline.

Bitcoin can be shorted in the 93300-93800 range, with a target near 91000, and if broken, continue looking downward.

Ethereum can be shorted in the 3220-3250 range, with a target near 3140, and if broken, continue looking downward. $BTC $ETH #加密市场观察