On New Year's Day, the market initially plunged below 93,000, then rebounded upwards. Yesterday, the overall market for Bitcoin slowly moved upwards, reaching a high of around 95,500 this morning. Currently, there is still significant resistance above, and a strong upward movement has not yet occurred. Today, the main focus is on whether the four-hour level can break through the resistance at 96,200; only after breaking through can the market continue to rise. Although there is currently an upward trend technically, the momentum is insufficient, so many still feel it is difficult to break through. The main strategy today remains to short on rebounds.

Let's take a look at Ethereum; the trend for Ethereum is also consistent with Bitcoin. The key position to watch for Ethereum is around 3,450, which is currently the key resistance above. While the bulls currently dominate the technical aspect, the momentum is still lacking, consistent with the approach for Bitcoin, so the strategy remains to short on rebounds.

Bitcoin: Short around 96,000-96,500 on rebound, target towards 95,500-95,000-94,500

Ethereum: Short around 3,430-3,460 on rebound, target towards 3,400-3,370-3,330