1.10 Bitcoin/Ethereum Trading Strategies with Market Analysis

Bitcoin and Ethereum have been experiencing narrow fluctuations in recent days. Our previous strategy was to go long above 3280 multiple times. During the recent pullback, we also entered multiple long positions around 3060-3080. The overall space is visible. Currently, the market shows a "top above, bottom below" oscillation pattern, with bulls and bears repeatedly battling at key price levels. From a technical indicator perspective on the daily chart, Bitcoin/Ethereum faces strong resistance above, with short-term upward momentum lacking.

The areas around 92500 and 3180 above for Bitcoin/Ethereum have been tested multiple times as strong resistance zones. Below, 89500 and the psychological level of 3060 are important support levels, followed by 89000 and 3040. If these are broken with increased volume, a deeper correction may begin. On the macro level, US December non-farm payroll data is mixed, and the market needs to wait for more data to form a new consensus. Until a volume breakout above key resistance or a breakdown below important support occurs, Bitcoin and Ethereum are likely to remain in a consolidation phase.

Trading suggestions: Buy near 89500-90000 for Bitcoin, targeting around 92000; buy near 3050-3070 for Ethereum, targeting around 3140-3170.