Big Cake E-commerce Latest Market Trend Analysis: 1/11 The current market is in a typical range-bound pattern, with prices fluctuating between the 88000 support and 91000 resistance levels. Momentum is weakening and sentiment is balanced, lacking a clear trend signal in the short term. Technically, although a bullish engulfing pattern has appeared in the candlestick chart, potentially suggesting a reversal signal, its importance is only moderate. Furthermore, the conflicting moving average system (short-term price above the short-term moving average but below the long-term moving average, with a death cross) further indicates trend uncertainty. The current market is oscillating between support and resistance, with weakening momentum and balanced sentiment (major premise). Prices are approaching the strong resistance level of 91000, and the moving average system shows trend uncertainty (minor premise). Therefore, selling short near the resistance level is a prudent choice in line with the range-bound pattern (conclusion). Therefore, my later trading advice is to focus on rebounds. For Bitcoin, consider buying around 91000-91500, with a target of 90500-89000. For Bitcoin, consider buying around 3100-3120, with a target of 3050-3000.
Bitcoin and Ethereum latest price trend analysis: 1/11
2026-01-11 07:45:06
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