January 5th Bitcoin and Ethereum Market Analysis

Bitcoin started to pull back after reaching 91,779.7. This price level forms a clear resistance on the 1-hour chart, and there is also resistance from the upper band of the Bollinger Bands. From the indicators, the MACD's DIF and DEA are still operating in the negative zone. Although the price has made a new high, the MACD has not risen in tandem, which is a typical top divergence phenomenon. If the price rebounds later and the red histograms shrink or the green histograms begin to expand, that is a good signal to add to short positions.

On the capital side, signs of decay are already evident. If the trading volume continues to shrink and the number of sell orders increases, it essentially confirms the trading logic for short positions. In the short term, the 90,000 level is an important support.

Bitcoin trading strategy: Consider shorting on rebounds to the 91,800-92,500 range, with the lower target focusing on the 90,000-88,000 range.

Ethereum trading strategy: Consider shorting on rebounds around 3,180-3,250, with the downside space looking at 3,050-2,850.