January 22 Midday Analysis

BTC: The bottoming out and rebound have completed the gap fill, and the Asian session stabilized above the 90,000 level, indicating clear short-term buying interest. After two consecutive days of downward movement followed by two days of upward correction, the bulls increased volume to push higher and test resistance. Short-term rebound demand is evident, but the trend has not undergone a fundamental reversal.
The key resistance level above is 91,000. Patience is required to wait for the right entry point, and aggressive chasing is strictly prohibited. Until the trend changes, maintain a high-level short strategy. If a breakthrough and stabilization occur at the key resistance, then consider reversing positions. Avoid chasing gains and selling losses, and prevent mistakes in rhythm shifts.

Trading Suggestions: BTC range-bound trading around 90400-90800, targeting 89000-88200

ETH range-bound trading around 3020-3050, targeting 2950-2900