Analyst Chen Shu: The rebound in Bitcoin and Ethereum prices on January 27th warrants attention to its sustainability; watch the 90,000 resistance level.

Analyst Chen Shu: Bitcoin and Ethereum prices rebounded on January 27th; watch for sustainability, especially the 90,000 resistance level. Looking at the daily chart for Bitcoin, the price stabilized and rebounded yesterday. The resistance levels to watch are the 60/30-day moving averages (MA60/MA30), around 90,000/91,000. This level should be the target for the continuation of the rebound today. On the 4-hour chart, the short-term resistance level is also around the 256-day moving average (MA256), around 90,000. If this level is broken and held, the short-term downtrend will end and the market will enter a consolidation phase. Support is around 8.8. Looking at the daily chart for Ethereum, the price also found support around 2800. The daily resistance levels to watch are the 60/30-day moving averages (MA60/MA30), around 3060/3100, and the psychological level of $3000, which is a strong resistance level on the weekly chart. Support is around 2900. Midday Trading Strategy (Written at 14:10): BTC: Buy at 8.8/8.7, expect a 1-2000 point rebound, then sell at 90,000; add to short positions at 9.1, target 8.9/8.8; Buy at 8.8/8.7, expect a 1-2000 point rebound (focus on rebound first, then sell short). ETH: Buy at 2900/2860, expect a 6-100 point rebound, sell at 3030, add to short positions on a rebound to 3080, target 2960/2900. Daily analysis strategies have a very high win rate! Analysis is not easy, so please give a free follow, save, like, and comment. Thank you. Welcome to leave comments below for discussion, I will reply to each one.