The market is as expected, the 96000 area support has been broken, which has opened up a downward trend again. Following the morning strategy, one could achieve a maximum of 1500 points in the Bitcoin range.

January 8 BTC Trading Strategy

From the current market situation, we can see that BTC has dropped over 6000 points since it fell from the 102000 area yesterday. Although the 96000 area has become a short-term bottom, the rebound volume after the significant drop is relatively weak. The bearish sentiment remains strong in the short term, and further downward testing is likely. Therefore, the trading strategy today should primarily follow the trend with a focus on short positions.

Intraday trading suggestion:

Consider entering short near 97500, with an initial target of 96200; if it breaks, extend the target to 95500. (If the 96000 area receives support again, a short-term long position could be taken to capture a small rebound)
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