#数字资产市场动态 $BTC 1.21 Midday Technical Overview: Bitcoin, Ethereum Short-term Strategies

Bitcoin is currently in a weak correction phase, with no signs of a reversal of the primary downtrend. Looking at the four-hour candlestick chart, previous highs are gradually moving lower, and the price remains firmly suppressed within a downtrend channel. Occasional rebounds occur, but their strength is limited—small candlestick bodies that fail to break through the initial point of the previous decline, indicating that selling pressure above is still significant.

A lower shadow appears around 87,700, which indeed shows some buying interest, but subsequent volume does not increase; instead, the price slowly oscillates upward. This pattern resembles a consolidation during a downtrend rather than a true bottom reversal.

On the one-hour chart, the rebound momentum has clearly weakened. The upward movement from the lows is stair-step, with each rally smaller than the last, and the highs are progressively lower. Trading volume also diminishes. This is a typical weak rebound—bulls are only passively defending, and the bearish trend structure remains intact.

Currently, the market is still in the technical correction stage during a downtrend. This rebound is weak and unlikely to last long. Trading strategies should not rush to chase longs; instead, focus on how the price reacts after reaching key resistance levels. Once the rebound loses momentum, it’s safer to go short. The market sentiment remains cautious, and until clear bottom reversal signals appear, the bearish dominance is likely to continue.

Midday Trading Reference: $BTC Consider short positions around 90300, targeting 88500; $ETH Consider short positions around 3010, targeting 2900.