Bitcoin Auntie’s rebound failed to break higher, and the daily chart closed with a very long upper shadow—a bearish doji. The upward momentum was blocked, indicating strong selling pressure. Plus, with the New Year’s holiday, there’s been more selling and cashing out. So, don’t be overly bullish for now; intraday rebounds can still be shorted!

12.30 Short Entry Strategy:

If Bitcoin rebounds to 89,000-89,500, continue shorting. Conservative traders can enter at 90,000-90,500, with a stop around 91,500. Targets are around 88,000-87,500-87,000. If broken, look for 86,500-86,000, and move stop-loss accordingly based on market conditions.

Ethereum rebounds from 3,000-3,030, continue shorting. Conservative traders can enter at 3,060-3,090, with a stop near 3,130. Targets are around 2,950-2,900. If broken, look for 2,870-2,850, and adjust stop-loss accordingly.

12.30 Long Entry Strategy:

Aggressive traders can buy on a pullback to 86,000-86,500, with a stop around 85,000. Targets are around 87,500-88,000-88,500-89,000. If broken, look for 89,500-90,000, and move stop-loss accordingly.

Ethereum on a pullback from 2,860-2,900, buy with a stop near 2,820. Targets are around 2,950-2,980. If broken, look for 3,000-3,050, and adjust stop-loss accordingly.

Recent sideways pattern has not caused any liquidation orders. High sell and buy dips every day. Once this pattern breaks, just follow the trend.