Mr. Crypto 1.7: Bitcoin and Ethereum Market Analysis and Reference (with Strategy Reference)

1.7 Bitcoin Price Analysis Reference: Bitcoin's price retraced to around 91200 in the early morning and then rebounded quickly. However, subsequent buying pressure was insufficient, and the price failed to stabilize and continue its upward trend. As of this writing, the price is trading around 93100. However, the daily support level is slowly moving upwards. The daily chart has held above the EMA7 (93023) for three consecutive days, and the EMA7, 30, and 120 are in a bullish pattern. The price has broken through the 93500 level multiple times, but faces resistance from the previous high in the 94400-95000 area. From a technical perspective, the 2-hour MACD's DIF has crossed above the DEA, forming a golden cross. However, the daily MACD histogram shows signs of decreasing volume. The key focus going forward is the short-term resistance level in the 94500-95500 range. Until this level is broken, the pullback and consolidation will likely continue. Trading strategy: Consider shorting at higher levels and going long at lower levels. Bitcoin short-term trading strategy (January 7th): Short at 94500-95500, stop-loss at 97800, stop loss at 500, target below 94000. Long at 91500-90500, stop loss at 500, target above 92500. Ethereum short-term strategy (January 7th): Short at 3305-3355, stop loss at 30 points, target below 3270. Long at 3181-3131, stop loss at 30 points, target above 3210. There may be a delay in article delivery. The strategy suggestions are for reference only. Market conditions change rapidly. No matter how confident you are in your market judgment, always set stop-loss and take-profit orders to secure profits.