1.9 Midday Bitcoin and Ethereum Market Analysis and Trading Suggestions

From the current market structure, after experiencing a brief daily-level rally with consecutive bullish candles, the market has once again shown a three-day consecutive decline with sideways oscillation. The bearish momentum continues to be released, and the overall pattern is clearly weakening. Although the lower shadow of the bearish candle indicates some buying support locally, the rebound strength remains limited by overhead resistance. The price center of gravity continues to shift downward, and a weak market pattern has been established.

On the 4-hour chart, although there was a three-day rally earlier, the upward slope of the price has significantly slowed, and it has been consistently suppressed by the middle Bollinger Band and nearby resistance zones, failing to break through effectively. Even with multiple bullish attempts to probe higher, the price has not stabilized above key resistance levels, reflecting that bullish momentum has not yet accumulated effectively. Short-term corrections have not shown signs of ending. Therefore, even if the market experiences a technical rebound, it is likely a correction within a downtrend, unlikely to fundamentally reverse the current downward momentum.

Overall, the market sentiment remains weak, and prices are still in a pressure and adjustment phase. It is recommended to continue with a high-level short-selling strategy. Short-term rebounds may present opportunities for resistance-based entries. Attention should be paid to the resistance zones and the continuation of downward momentum.

Midday Bitcoin can be shorted around 91,600, with a target of 90,000.

Midday Ethereum can be shorted around 3,140, with a target of 3,020.