#数字资产市场动态 ## 1.23 Morning Market Technical Analysis

Looking at Bitcoin's trend, on the hourly chart, the price has hit a wall at the 90,000 level, with selling pressure clearly increasing. Short-term breakout seems almost impossible. On the 4-hour chart, the market is trapped within a consolidation range, with the price just touching the key resistance level above, leaving no room to go higher. What's more concerning is that trading volume continues to shrink, and the bulls are starting to lose strength. This current rebound is essentially the last gasp of a dying force, unable to reverse the dominance of the bears.

**Bitcoin Trading Strategy**:
Short in the 89,800-90,800 range, with the first target at 87,000-89,000. If the support breaks, continue to look for a move down to 85,000. If these supports are not effectively broken, switch to long positions promptly instead of holding on stubbornly.

**Ethereum Trading Strategy**:
$ETH can be shorted in the 2,970-3,020 range, with targets around 2,940-2,900. If it breaks below this, look further down to 2,850. Conversely, if the price fails to break the 2,900 key support, consider switching to long positions.

The market still needs to be observed further, patiently waiting for clearer signals.