January 2nd BTC & ETH Market Analysis and Short-term Trading Guide

BTC Market Analysis:
This morning, Bitcoin experienced a technical rebound, with the price briefly reaching the 88,800 level. However, due to selling pressure above, the rebound momentum was clearly insufficient, and an effective breakout was not achieved. After multiple unsuccessful attempts to test higher levels in the short term, the bullish momentum gradually weakened. Currently, the price is oscillating around 88,400, with a clear retracement rhythm. Overall, it remains in a range-bound consolidation structure, and no substantial trend reversal has occurred.

From a technical indicator perspective, multiple timeframes are simultaneously signaling weakening: the 4-hour MACD has formed a death cross, with DIF (98.58) crossing below DEA (52.54). The short-term momentum has shifted from strong to weak. The daily MACD also shows a death cross structure, with DIF (-682.12) below DEA (-1011.72), indicating significant downward pressure at the trend level. The price has broken below the key support at EMA120, and the 7-day moving average (88,307) and the 30-day moving average (88,104) are expected to form a death cross, further confirming the current weak market structure.

Market Outlook:
Until the price can effectively hold above the 90,000 level, BTC is likely to continue trading within a range with a slight downward bias. Trading strategies should avoid blindly chasing rallies. Focus on range-bound high selling and low buying, and follow the trend for short-term trades. Pay close attention to support and resistance levels within the 86,800–88,800 range.

BTC Short-term Trading Strategies:
Rebound Short:
Entry Range: 89,900–90,800
Stop Loss: 91,300
Target: Below 87,500

Retracement Long:
Entry Range: 86,000–87,000
Stop Loss: 86,500
Target: Above 87,800

ETH Short-term Strategies:
Rebound Short:
Entry Range: 3,030–3,075
Stop Loss: 3,099
Target: Below 2,980

Retracement Long:
Entry Range: 2,881–2,931
Stop Loss: 2,930
Target: Above 2,960