Gu Jingci: Bitcoin/Ethereum Trading Strategy with Market Analysis (January 11th)

Bitcoin and Ethereum have been trading within a range for the past few days, with the market remaining cautious amid mixed bullish and bearish factors. Bitcoin has been trading between 90,000 and 92,000 recently, briefly testing 94,000 earlier this week before falling back due to profit-taking. Despite outflows from the Bitcoin ETF mid-week, Bitcoin still closed slightly higher at the weekend, hovering around 90,000 to 91,000, showing some resilience despite mixed institutional sentiment. The area around 89,500 is a key support level; if it holds, the market may maintain its range-bound trading and seek an upward breakout opportunity. 92,000 is a key short-term resistance level; a successful break above this level could lead to further gains towards previous highs. Ethereum's price movement has largely mirrored Bitcoin's. After failing to maintain gains near 3,300, it subsequently fell back and is currently consolidating above 3,000. Investors are holding cautious positions, resulting in relatively small price fluctuations, reflecting that the market is awaiting clear directional guidance. In the short term, 3050-3060 is a crucial support area for Ethereum. A break below this area could trigger further declines. Resistance is around 3300; a break and hold above this level would open up new upside potential. Trading recommendations: Buy Bitcoin around 89800-90300, with a target of 92000-93000; Buy Ethereum around 3060-3080, with a target of 3150-3200. Daily analysis and strategies have a high win rate and are available for viewing. However, these analyses and strategies are for reference only; please bear your own risks. Article review and publication are not timely; please refer to real-time updates.