The intraday short-term trend is generally downward with some volatility. Currently, selling pressure remains very high. Yesterday's rebound hit the vicinity of the weekly MA5 moving average, indicating that the upward pressure has been tested. The next key level to watch is whether the weekly MA5 can be effectively broken. If it fails to break through, another significant drop with increased volume is expected. The strategy for the daytime session is to sell on rallies, shorting Bitcoin around 88000 and Ethereum around 2950. Hold patiently, with initial targets at 87000 and 2900. If these levels break, hold and target 86000 and 2850. The above are my personal trading suggestions for the evening and are for reference only.
Selling pressure intensified again, and the bullish momentum weakened. If the price fails to break through resistance, a downward trend is expected.
2026-01-29 12:39:29
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