January 1st, Wednesday BTC and ETH Market Overview:
Current indicators show that both Bitcoin and Ethereum continue to maintain a weak daily trend, with ongoing fluctuations and downward movement, and the rebound strength has not broken the overall downward trend. Observing the 4-hour chart, both quickly fell back after reaching the upper channel, indicating that the current market is still dominated by sellers, making it difficult for a rebound to form effective support.
Based on the above technical analysis, we maintain our bearish outlook on the market. In terms of specific operations, we will continue to adopt a short-position strategy:
Recommendations:
Bitcoin: Enter short in the 94500-95000 range, target 93000-92000
Ethereum: Enter short in the 3370-3400 range, target 3300-3250
$BTC $XRP $ETH #BTC挖矿难度创新高 #GMT热度飙升 #加密ETF申请热潮涌现 #BTC挖矿难度创新高