1.9 Thursday Bitcoin Ethereum Evening Market Analysis

After another drop in prices at midnight, there has still been no significant rebound, remaining under pressure below 96,000. Analyzing market data, continuous declines have created a certain level of panic, leading to sell-offs that have kept prices relatively unchanged, in a weak rhythm. Currently, although the pace of decline has slowed somewhat, momentum remains weak, exhibiting a weak consolidation pattern. This is clearly reflected in both the daily and 4-hour charts. The focus moving forward will be on the strength of any potential rebound; if it cannot effectively reclaim the area above 98,000, it will maintain a weak oscillation rhythm. There won't be a major unilateral move, but the back-and-forth within the range will continue. In the short term, the strategy remains to treat rebounds with a bearish outlook!

Thursday evening operation suggestion:

For Bitcoin, continue to consider selling on highs around the 96,000 line, with support still focusing on the 91,500-92,000 area. If it stops, consider shorting.

Thinking is a question, doing is an answer; losing is in hesitation, winning is in action. I am Zu Ping, and more importantly, I am your fateful person!