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1.25 Morning BTC/ETH Market Analysis
Last night, Bitcoin made a strong rally, with the price rising all the way to the key resistance level of 89200 before pulling back under pressure. Currently, it is fluctuating around the 88800 level, with short-term bullish momentum somewhat converging, and the market is waiting for a clearer direction. All positions from yesterday have been closed for profit—there is no such thing as 'easy' or 'difficult' in trading; hesitation is the biggest obstacle.
From the hourly chart observation: The price hit the upper Bollinger Band and then formed a solid bearish candle, indicating a rapid decline in short-term bullish momentum, with clear resistance signals above.
From the 4-hour perspective: The market is still in a clear downtrend channel, facing strong resistance when rebounding to the middle band area of the Bollinger Bands, and the bearish pattern has not yet reversed.
Morning core idea: short on the rebound
- BTC: Short in the range of 89000-89500, target down to 87000
- ETH: Short in the range of 2975-2995, target down to 2850