What are the characteristics of the market trend on January 9th? Let's take a look at the recent performance.

The price has been repeatedly oscillating at a high level, with continuous long upper shadow candlestick patterns on the chart, indicating that the selling pressure above is quite significant. On the daily chart, a series of bearish candles have been forming, showing a clear correction rhythm, and the short-term bullish momentum is obviously weakening. Looking at the 4-hour cycle, the MACD indicator remains below the zero line, although the histogram shows signs of expansion, the shrinking trend is also gradually emerging, indicating that the bearish force is loosening, but it still remains the dominant force.

The current operational approach is as follows:

First batch of orders: Bottoming out from 91500 to 91000 in a southward move; if the breakout is successful, the target range is 89700 to 88700.

Second batch of orders: Establish short positions between 3150 and 3120, with the downward target aiming at the support zones of 3000 to 2900.

Overall, the two main cryptocurrencies are facing certain short-term adjustment pressures, and close attention should be paid to the performance of key support levels.