The afternoon market remains a frustrating行情.

Bitcoin surged to around 94800 in the early hours but faced resistance and pulled back. Although there was some decline in the early trading session, the momentum was not strong, mainly because — the rebound did not keep up. The price has been oscillating at high levels for a long time, with the range compressed and the pace noticeably slowed. The short position around 94000 given in the morning remains unchanged; continue to hold patiently. The trend of Ethereum is basically synchronized, also stuck in a narrow consolidation, without breaking out of an effective direction.

From a structural perspective, the bullish trend has already shown clear signs of stagnation. Both Bitcoin and Ethereum left upper shadows after breaking the Bollinger upper band, then retreated with bearish candles, indicating selling pressure above still exists. On the 1-hour chart, Bitcoin has already lost the middle band support, and indicators are turning weaker, with short-term downward signals gradually emerging.

The afternoon strategy remains unchanged, mainly focusing on shorting rebounds, not chasing or rushing, waiting for the right entry points.

Bitcoin: Watch for resistance around 93800–94300, target 92100–91000
Ethereum: Watch for resistance around 3225–3240, target 3150–3100
$BTC ‌$ETH ‌#加密市场开年反弹