Mu Feng's Trend Analysis: Bitcoin/Ethereum Trading Recommendations for the Evening of January 17th

From a technical perspective, the daily KDJ and MACD indicators showed a continued decline in gains today, along with a decrease in trading volume. The 12-hour KDJ and MACD also showed continued volume contraction, and the Bollinger Bands showed weakening upward momentum, although the bands remained open. On the main chart, the 5-day moving average (MA5) is trending downwards, while the 10-day and 30-day moving averages (MA10 and MA30) continue to strengthen. The price closed below the MA5, and a red TD1 appeared intraday, indicating a continuation of the pullback, mainly following yesterday's retracement. Overall, there is still room for further short-term retracement. The recommended strategy is to continue selling on rallies. Specific entry points are as follows: Bitcoin: Short at 95500-96000, target 93500; Ethereum: Short around 3310-3330, target 3230. These are my personal trading suggestions for tonight and are for reference only.