January 9 Trading Observation

Bitcoin's recent move from over 89,000 was executed very steadily, with a rebound after stabilizing around 89,250, then quickly rising over 2,000 points.

On the daily chart, the previous candlestick was firmly supported by the middle band, closing as a long lower shadow bearish candle; after opening, it fluctuated below the 7-day moving average, with Bollinger Bands flattening out, and short-term moving averages beginning to show signs of turning upward. Technically, the MACD fast and slow lines are leveling off, volume bars are noticeably shrinking, KDJ is crossing downward, and the VR indicator is oscillating around 80.

Switching to the 4-hour chart, after the price temporarily broke below the 60-day moving average and EMA200, it found support at the lower band and quickly rebounded upward. Bollinger Bands are moving downward but showing signs of narrowing at the top and bottom, with short-term moving averages still trending downward. MACD is turning upward from below zero, volume bars are shrinking simultaneously, KDJ is moving upward, and caution is advised regarding resistance near 100. The VR indicator is also consolidating around 80.

Overall, the rhythm aligns well with previous expectations—initially breaking below 90,000 then bouncing back, though the current upward momentum is somewhat lacking. Tonight’s non-farm payroll data will likely cause some volatility, with a probable shakeout before the next move. Key support below is at 88,800, and resistance above is around 93,000.

Ethereum’s long strategy is basically unchanged, but the volatility is much smaller than Bitcoin’s, only moving by a few dozen points. The daily and 4-hour technical trends are largely synchronized with Bitcoin and can be referenced directly. Focus on the 3,050 support level below, and maintain the previous approach on resistance levels. Be especially cautious of news impacts tonight and prioritize risk management.

Operation Range Suggestions:
$BTC: 88,600-89,600 long, target 91,200-92,200
$ETH: 3,010-3,050 long, target 3,030-3,070