1.13 Tuesday Midday Market Analysis

Tonight there will be CPI data release, be cautious to avoid risks
The recent trend of Bitcoin has been quite similar, as it hasn't broken out of a clear direction, continuously oscillating within the 92643-90345 range. You can consider buying low and selling high around this oscillation zone.
Bitcoin has challenged the 92643 resistance twice but failed to break through, and the second attempt's high was lower than the first. If it tries again and still can't surpass the support at 90345 below, it may be difficult to hold. After all, the number of downward retests exceeds upward breakthroughs, and a support level that has been tested multiple times tends to weaken.
Currently, a head and shoulders pattern has appeared inside the Bitcoin triangle, and the price has been trading below 91477. The neckline of the head and shoulders is at 90345; if it breaks below, it will test the support at 89265. If it holds, it will oscillate within the 89265-90345 range; if it can't, it could lead to a sharp decline.
BTC Trading Suggestion: Short at 91700-92500, stop loss above 93200, take profit at 90800-89500
ETH Trading Suggestion: Short around 3130-3170, stop loss at 3210, take profit at 3100-3050-2980