Morning Market Observation

Yesterday, the market plummeted right at the open, and the entire day was spent in passive oscillation for recovery. It rebounded from the 91,800 support level to around 93,400, only to be suppressed again—this kind of rebound with no volume, quick to crash after rising, is a typical weak pattern that induces false optimism.

Where is the problem? The expectation of tariffs and the news of no interest rate cuts in January have dealt a double blow to both retail investors and large funds, clearly shifting market sentiment to bearish. The probability of Bitcoin breaking below 9,000 is still quite high.

Looking at the details of the chart makes it even clearer. The daily chart has already seen six consecutive declines, establishing a very weak one-sided downward trend. Today, don’t expect any significant rebound. The four-hour chart is also weak, with each bounce lacking volume to sustain it; it rises sharply and then falls back, indicating that funds are unwilling to buy in. The technical indicators weakening combined with negative sentiment are putting double pressure on the market, and the bearish momentum is accelerating.

Core judgment: Don’t expect a rebound; following the trend and shorting is the only way to survive.

Trading Suggestions

Bitcoin: Enter short positions in the 93,300-93,800 range, targeting 92,000 and 91,000

Ethereum: Enter short positions in the 3,200-3,230 range, targeting 3,150 and 3,080

The market is testing patience in the short term.