1.9 Thursday Bitcoin Ethereum Morning Analysis

The market at midnight is as we mentioned, Bitcoin has been declining steadily until it reached strong support at around 92500, where it failed to break below. It then rebounded off the bottom, and the current market is fluctuating around 95000, while Ethereum is running around 3320.

At this stage, considering the current rhythm, with the daily level pullback and strong withdrawal of the price ratio, the overall trend has clearly shown a weak market. Although there have been rebounds during this time, they do not affect the continuation of the price ratio decline. From the current technical structure, both the rhythm of the trend and the auxiliary indicators have shown significant signs of downward movement. The price ratio has dipped but has weak resistance to reclaiming. It is evident that there is still a downward demand in the structure! For subsequent operations, it is advisable to maintain a short-selling strategy!

Thursday Morning Operation Suggestions

Bitcoin around 95500 short, target around 93500.

Ethereum short at 3345-3375, target around 3250.

Thinking is a question, acting is the answer, losing is in hesitation, winning is in action. I am Zu Ping, and I am also your destined person!