1.7 Morning | Tang Long's Trading Strategy Analysis

The overall rhythm of overnight market movements closely aligns with expectations.
The bullish-to-bearish structure of Bitcoin first played out smoothly, with the price rapidly rising to around 94400 after the US stock market opened. Subsequently, at a key resistance zone, Tang Long decisively issued a short position strategy around the 94000 level. The market then retraced, dipping to around 91200, with ample space for movement, and overall execution was very smooth.

It is important to emphasize that this retracement is a technical correction following the previous gains, not a sign of trend weakening.
Ethereum also moved weaker in sync, with a similar structure, also capturing a good amount of space.

From the daily chart perspective, the price remains firmly above the midline, showing a consolidation state, and still has the potential to challenge new highs.
The pullback is not a trend reversal but a preparation for the next upward push.
After a continuous retracement on smaller timeframes, the price quickly recovers lost ground, with a steady and solid trend, and support levels below gradually strengthen.

Trading Suggestions
Bitcoin
Buy on dips around 93000 – 92400 in batches
Target focus on 94300 – 95000
Ethereum
Buy on dips around 3260 – 3200 in batches
Target focus on 3310 – 3400