January 10th, Friday Bitcoin and Ethereum Strategy Analysis:
Recently, market volatility has intensified, exhibiting a typical pattern of 'false breakout followed by true pullback,' especially last night when the price briefly touched an important support area around 91,000, attracting widespread attention in the market.
However, it is noteworthy that after reaching this support level, the market quickly launched a V-shaped rebound, which indicates that there is strong buying support below to some extent. Although the support level has not been effectively broken yet, from a long-term perspective, its solidity still needs further validation.
From the hourly chart, the bullish momentum has not shown significant signs of strengthening, and its sustainability still carries some uncertainty. Meanwhile, although the middle band of the Bollinger Bands had a brief upward movement, it failed to establish a solid position, so we cannot easily regard this as a true reversal of market trends.
In terms of operational strategy, we suggest maintaining a cautiously optimistic attitude, focusing primarily on short positions, closely monitoring market dynamics and changes in key support levels, and flexibly adjusting strategies to respond to potential market fluctuations.
Trading Advice:
Short Bitcoin at 93,500-94,000, targeting 91,000-90,500
Short Ethereum at 3,300-3,270, targeting 3,180-3,130.