1.7 Wednesday Midday Market Analysis

In the morning, Bitcoin faced resistance around 93,800 and retreated, touching a low of 92,200 before entering a narrow range consolidation.
From the hourly Bollinger Bands, the three lines show a downward divergence trend, with a gentle downward slope and slightly expanding opening, reflecting a short-term bearish dominance; after breaking below the middle band, although there was a rebound testing the middle band resistance, it failed to break through effectively, indicating that selling pressure above is relatively concentrated.
At the same time, the 5-day and 10-day moving averages form a death cross downward, and the price continues to operate below the moving average system, further confirming a short-term downtrend.
BTC Trading Suggestion: Short at 93,600-94,200, target 92,500-91,500, stop loss above 95,000
ETH Trading Suggestion: Short at 3,280-3,320, target 3,200-3,150, stop loss at 3,358