Analyst Chen Shu: The downtrend of Bitcoin and Ethereum has slowed down on January 9th; pay attention to the direction of consolidation and watch the 90,000 support level.

Analyst Chen Shu: The downtrend in Bitcoin and Ethereum has slowed on January 9th. Focus on the consolidation direction and watch the 90,000 support level. Yesterday's article suggested buying at 8.9/3050, which was accurate in terms of trend prediction and entry points. Those who followed the trades should have profited. Looking at the daily chart for Bitcoin, yesterday's price retraced to the 30-day moving average (MA30) around 8.9 before finding support. Continue to monitor whether this support level holds. On the 1-hour chart, yesterday's price broke through the 256-day moving average (MA256) before recovering. Short-term, it is expected to consolidate around this level, around 90,000. The resistance level to watch is the 4-hour MA30 around 9.2. From the daily chart, Ethereum continued its downward trend yesterday, retracing to the 30/60-day moving average around 3050. The key focus today is the support level of the 3030-3050 price range. Holding above this level would halt the downtrend. Short-term support levels to watch are the 1-hour 256-day moving average at 3090 and the 4-hour 256-day moving average at 3040. Resistance is at 3150. Midday Trading Strategy (Written at 12:20): BTC: Long at 9.03, add to long position at 8.95, target 9.15/9.2; Short at 9.2/9.3, targeting a 1-2000 point retracement. ETH: Long at 3085, add to long position on a pullback to 3030, target 3130/3180; Short at 3170/3230, targeting a 6-100 point retracement. Daily analysis strategies have a very high win rate! Analysis is not easy, so I hope you can give me a free follow, save, like, and comment. Thank you! Feel free to leave a comment below and I will reply to each one.