1.2 Bitcoin and Ethereum fluctuations, is the end in sight?

The first major Bitcoin order in the 2026 live broadcast room has reached above 89K, and the second order has hit 3026. Kicking off the new year with a good start, the market is expected to continue its upward trend.

Recently, the market has been speculating about the Federal Reserve Chair nomination, with rumors of resignation and rate cuts. Next week should settle the matter. Yesterday’s dollar movement was in line with expectations. In fact, through the 28 points of Russia-Ukraine negotiations, it’s clear that Europe remains the junior partner, so naturally the euro and pound lack the strength to challenge the dollar. Therefore, rate cuts do not necessarily mean a dollar collapse. Global rate hikes are aimed at controlling inflation, and many countries are forced to follow the Fed to prevent capital outflows. Since the pandemic, with the economic slowdown, the Fed has begun a rate-cutting cycle.

From the current market situation, neither bulls nor bears have a clear advantage. The strategy remains to short at resistance levels and go long at support levels. Today, we will first look for bullish signals, then consider bearish. The resistance level is around 89,400, and the support level is at 87,000.

As long as the price remains below 89K, the market may attempt a tentative breakout above 89,400, which could lead to a continued bullish trend. Our short positions could be entered around 90K.

BTC trading suggestions: short at 89,888-90,288, add positions at 91,188-91,388, target 87,900, and if broken, watch for 87,300-86,800 (manage risk according to your own position).