According to information from multiple US, Israeli, and Arab sources, the US President is currently delaying decisions regarding Iran, with the White House conducting in-depth consultations internally and with allies. It is reported that the US remains open to diplomatic dialogue with Iran, but only if there is a clear commitment from Iran’s highest leadership—that is, a serious and feasible agreement. An insider mentioned that US leaders only recognize the negotiation authority of Iran’s Supreme Leader and are skeptical of other internal figures.

From a technical perspective, yesterday’s short positions gained profit again. Bitcoin successfully broke below nearly 2000 points, and Ethereum secured nearly a hundred points in profit. Notably, Ethereum’s daily chart shows a doji candlestick with a long lower shadow; Bitcoin’s chart shows a powerful large bearish candle. The bullish momentum is clearly weakening, and the market lacks upward driving force. The short-term strategy remains to rebound at high levels and continue shorting.

**January 16 Short Position Strategy:**

Bitcoin at the current price of 96,500-97,000 can be shorted. More conservative traders can enter at 97,500-98,000, with a stop loss around 99,500. The first targets are in the 96,000-95,500-95,000 range. If the price continues to break down, watch for support levels at 94,500-94,000-93,500-93,000. After a breakout, adjust stop-losses accordingly to protect profits.

Ethereum can be shorted if it rebounds to 3,350-3,370. Steady traders can enter at 3,400-3,420, with a stop loss around 3,450. Initial targets are 3,300-3,270-3,250-3,200. If the price breaks below, watch for support at 3,150-3,100.

**January 16 Long Position Opportunities:**

Bitcoin retracing to 92,000-92,500 can be a long entry, with a stop loss at 91,000. Targets are 93,500-94,000, with further breakout aiming for 94,500-95,000.

Ethereum dropping to 3,060-3,100 can be a long entry, with a stop loss at 3,020. Targets are 3,150-3,170-3,200. If it breaks below, watch for support at 3,250-3,270.

Initial jobless claims data is positive for the market, but after a strong open, US stocks declined, and the cryptocurrency market also appears weak. Multiple attempts to break previous highs have failed, indicating caution is needed when going long. Participants chasing the rally should be especially cautious of pullback risks.