#以太坊大户持仓变化 January 11th Bitcoin and Ethereum Market Trends Observation

The current market exhibits typical range-bound consolidation, with $BTC repeatedly testing the 88,000-91,000 range, lacking a clear directional breakout, and market momentum significantly waning. From a technical perspective, although the candlestick shows a bullish engulfing pattern that may signal a reversal, the strength of this signal is moderate to weak. More notably, the moving average system shows confusing signals—short-term moving averages are above the price, while long-term averages are below, accompanied by a death cross, further confirming the trend's uncertainty.

The current market logic is quite clear: a tug-of-war between support and resistance, with sentiment in balance and momentum fading. The price is currently testing the 91,000 level, which is a clear strong resistance. Based on the moving average system indicating a fuzzy trend, it is pragmatic to consider high-position shorting near resistance in response to the consolidation pattern.

Future trading ideas mainly focus on shorting rebounds:

For Bitcoin: Consider short positions in the 91,000-91,500 range, targeting around 90,500-89,000

For Ethereum: Consider participating at 3,100-3,120, with targets falling back to the 3,050-3,000 range

Overall, during this phase, it is advisable not to chase longs. Waiting for clear breakout signals or support confirmation before making decisions will be more prudent.