1.9 Bitcoin market analysis on Thursday night

In the afternoon, Bitcoin was under pressure from the 94582 line and began to step back, all the way down to the 92700 low point line. Afterwards, it rebounded again and was in consolidation. The trend of Ethereum was quite similar. After stepping back to the 3264 line, it also rebounded to the 3320 range again and fell into a shock. Most of the recent market trends are like this, which shows that the short trend still has a dominant advantage at this stage.

From the 4H trend, the price has entered a state of slow decline. In this case, the probability of subsequent price rebound has increased. However, it is necessary to be particularly careful that after the 4H level pullback, a new 12H level decline may be derived. Therefore, in terms of operation, not chasing the rise and adopting a low-multiple strategy are the current main operation modes. Judging from the 1H trend, the short arrangement formed by the price after the decline is still continuing. It is obvious that there is still some time before the real bottom is built. Next, with the help of the 4-day 3-yin decline method, the small-scale market will rise, but the increase is not expected to be large. The US stock market is closed today, and the air traffic situation will fluctuate in the evening, with low-to-high prices as the main trend.

Bitcoin: 92700-93300 is possible, and the short-term target is 95000

Ethereum: 3270-3290 is possible, and the short-term target is 3400