Yesterday's rebound-and-sell strategy performed as expected. Today, the KDJ indicator has formed a death cross and turned downwards, the MACD bullish momentum continues to shrink, and the Bollinger Bands are narrowing overall. On the 12-hour chart, the KDJ and MACD bullish sentiment are diminishing, and the price is retracing to the middle Bollinger Band area. On the main chart, the 5-day and 10-day moving averages are both turning downwards today. For intraday short-term trading, we continue to expect a downward trend with fluctuations. Our recommended strategy is to sell on rallies. Specific entry points are as follows: Bitcoin: Sell at 90500-91000, target 89000; Ethereum: Sell near 3130-3160, target 3050. These are my personal intraday trading suggestions for reference only.
Mu Feng's Trend Analysis: Bitcoin and Ethereum Market Analysis for the Evening of January 8th
2026-01-08 10:58:46
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