January 16 Morning Trading Review

Every fluctuation is an opportunity to learn; only through review can we become more stable.

Last night, Bitcoin bottomed out around 95304, and the bulls began to rebound, launching an attack toward the 97000 level, but faced significant resistance at this price point, followed by a pullback. At the same time, Ethereum also moved in tandem, initially retracing to 3266 for support, then rebounding to around 3380 before encountering resistance again.

From the 1-hour chart, although the rebound was rapid, it lacked sustainability—the long upper shadow on the candlesticks indicates heavy selling pressure above, and bullish momentum is clearly insufficient. The MACD indicator has formed a death cross and continues to expand, suggesting that the bears still control the short-term rhythm. The Bollinger Bands are opening downward, revealing a weak overall pattern, with downside space opening up. The current market is in a consolidation phase.

**Trading Reference**

$BTC: Consider short positions in the 96000-96500 range, with targets at 94500-93600

$ETH: Consider short positions in the 3330-3350 range, with a target of 3250

#数字资产市场动态 Ongoing attention

Note: The market changes rapidly; risk management is always the top priority.