Bitcoin and Ethereum Market Analysis (January 9th)

Bitcoin Technical Analysis — The previous short-term strategy for Bitcoin was to buy at 89300. The price rebounded around 89250, making a move of over 2000 dollars. Looking at the daily chart, the previous candlestick found support near the middle Bollinger Band, closing with a lower shadow bearish candle. Intraday, the price opened below the 7-day moving average and fluctuated. The Bollinger Bands are flat, and short-term moving averages show signs of turning upwards. The MACD fast and slow lines are turning flat, with decreasing volume. The KDJ indicator is crossing downwards, and the VR indicator is consolidating around 80. On the 4-hour chart, after a false break below the 60-day moving average and the 200-EMA, the price found support near the lower Bollinger Band and rebounded quickly. The Bollinger Bands are trending downwards and showing signs of narrowing. Short-term moving averages are also trending downwards. The MACD fast and slow lines have broken below the zero line but show signs of turning upwards, with decreasing volume. The KDJ indicator is extending upwards; watch for resistance around the 100 level. The VR indicator is consolidating around 80. Overall, the market movement is in line with the above expectations. After a false break below 90,000, it rebounded, but the current momentum is limited. With the non-farm payroll data due tonight, there's a high probability of short-term consolidation. Continue to watch the support level around 88,800, and the short-term resistance level around 93,000. See short-term suggestions below. Bitcoin short-term suggestion: Short at 92,800, Long at 89,300 (Take profits as needed after strategy activation). Ethereum technical analysis — Ethereum's long position strategy above was largely accurate, but the momentum was greater than Bitcoin's, only moving within a few dozen dollars. Daily and 4-hour technical indicators are correlated with Bitcoin. Continue to watch the support level around 3050. Resistance is as described above; pay attention to the volatility brought by tonight's news and manage risk accordingly. See short-term suggestions below. Ethereum short-term suggestion: Short at 3235, Long at 3065 (Take profits as needed after strategy activation).