#密码资产动态追踪 BTC and ETH Market Analysis Overview (1/11)

The market is currently in a typical range-bound consolidation—Bitcoin is bouncing between 88,000 and 91,000, while ETH is fluctuating around 3,100-3,120. Momentum is clearly waning, and the bullish and bearish sentiments are deadlocked, making it hard to identify any clear short-term trend.

Technical signals are somewhat mixed. There is indeed a bullish engulfing pattern on the candlestick chart, which sounds like a reversal signal, but honestly, its strength is limited. More concerning is the moving average system—short-term moving averages are above the price, long-term moving averages are below, and a death cross has appeared, indicating that the trend direction has not been established.

What’s the current trading approach? The price is approaching the strong resistance at 91,000. In such a position, the safest strategy is to consider shorting on rebounds, aligning with the current oscillation pattern.

**Trading Tips**:
- Bitcoin in the 91,000-91,500 range can consider shorting on rebounds, targeting 90,500-89,000
- ETH around 3,100-3,120 also follows a similar idea, with targets at 3,050-3,000

The focus should still be on rebound trades; avoid greedily chasing the trend.