January 8th, Wednesday Bitcoin Strategy Analysis:

At the time of the U.S. stock market opening yesterday, influenced by the downward trend of heavyweight stocks like Tesla, related market sectors showed a weak performance. This wave of turbulence inevitably swept into the cryptocurrency market, triggering a dramatic price fluctuation, akin to a thrilling roller coaster ride.

During this period, major funds keenly captured the market's instability and took the opportunity to launch a large-scale washout operation. Both bulls and bears engaged in fierce confrontations in this tumultuous market, causing market sentiment to plunge into extreme pessimism at one point. The price defense line was broken last night, with the 100,000 mark collapsing, followed by a further decline, reaching a critical support level of 97,000, and in the late night, it even approached the psychological low of 96,100, indicating the intensity of the market adjustment.

This severe volatility not only tests investors' psychological endurance but also effectively cleanses the chips around the 97,000 level, resulting in a significant change in the balance of power between bulls and bears. Based on the current market pattern, we preliminarily judge that the possibility of a significant drop in the market in the short term is relatively low. Therefore, during the early trading session, investors may focus more on the market's rebound trend, looking for possible entry or additional investment opportunities.

Operation Suggestion:

Buy Bitcoin at 96,200-96,500 range, targeting 98,000-99,000

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Buy Ethereum at 3,360-3,380 range, targeting 3,500-3,550