Gu Jingci: Bitcoin/Ethereum Trading Strategy with Market Analysis (January 8th)

Bitcoin/Ethereum surged yesterday before quickly falling back, reaching lows of around 3110 and 90200 respectively, representing a relatively large overall decline. Our short-selling strategy, which we've repeatedly highlighted in recent days, has yielded decent returns. The long positions recommended early yesterday morning around 3140-3150 saw limited rebound, only reaching a high of around 3180. Currently, the price has entered a consolidation range after the decline. Intraday focus should be on the support levels of 3080 and 89000. A break below these levels would likely trigger a new round of declines. On the daily chart, yesterday's large bearish candle broke below the 30-day moving average, but the closing price remained above the 120-day moving average, indicating a clear high-level pullback within an uptrend. On the 2-hour chart, the MACD lines are rapidly diverging downwards below the zero line, with the green histogram expanding, indicating increasing short-term bearish momentum. However, the daily MACD remains above the zero line, suggesting the larger uptrend remains intact. Trading suggestions: Buy Bitcoin around 89,500-90,000, with a target of 91,500-92,500; Buy Ethereum around 3,090-3,110, with a target of 3,180-3,230, and further targets at 88,800 and 3,060. Daily analysis and strategies have a high win rate and are available for viewing. However, this analysis and strategy are for reference only; please bear your own risk. Article review and publication are not timely; please refer to real-time information.