1.11 Early Morning Bitcoin and Ethereum Trading Suggestions and Directions

Yesterday early morning, I shared some trading ideas, and the market responded as expected. From around 91,750, there was a strong pullback to the 90,000 level to halt the decline. Afterwards, it entered a narrow range correction during the white session, with over 1700 points of space to explore. I believe those who saw this and participated as planned can find clues. Old Zhao also gained some insights from the real trading. Due to the white session's range and Saturday's market closure, as well as possible rest and adjustments, there wasn't much analysis during the day. If you're having trouble sleeping late at night, let's continue to observe the subsequent trend.
From the current market situation, Bitcoin is oscillating around the middle Bollinger Band, with the upper and lower bands narrowing, indicating reduced short-term volatility. This is typical of a quiet weekend trading environment. After a rapid rebound and stretch earlier, the market has strongly corrected. The previous long upper shadows still exist, suggesting that near the 92,000 level there is still significant resistance. From a technical perspective, the KDJ indicator shows a slight death cross between K and D lines, with J moving downward, indicating short-term momentum is adjusting. The RSI for 12 and 24 days remains in the neutral 50 zone, with no clear overbought or oversold signals, showing prominent oscillation characteristics. The MACD DIF and DEA lines maintain a golden cross, with the MACD histogram positive (40.5), but the energy bars are not significantly enlarged, indicating weak bullish strength and a lack of momentum for a strong rebound. Overall, the market remains in a narrow range of oscillation. On Sunday, it may be best to stay cautious. For those eager to trade, here are some suggestions:
Bitcoin: Rebound to the 90800-91000 range for light trading, with a stop at 91200, and watch the 90300 level. (If the lower band at 90400 stabilizes, you can attempt a light long position with a stop at 90300, targeting 91000.)
Ethereum: Around 3100 to 3130, consider a short position, with a stop at 3000 and a target at 3070. (If it stabilizes near 3050, you can also try a light long position, targeting 3130.)