Market Review for Monday, January 12th:

This wave of the market movement has been quite interesting—after stabilizing around 90,100 in the morning, it surged higher, encountering resistance around 92,500, then started to pull back. By midday, the price retreated to around 90,400, and the entire process looked like a broad V-shaped correction with wide oscillations.

From a technical perspective, the bullish momentum on the daily chart is clearly weakening, with the candlesticks shifting from bullish to bearish, forming upper shadows. The key support level to watch below is 89,500; if this support breaks, further decline may occur. The 4-hour chart shows an even weaker performance, with a clear downward trend established by consecutive bearish candles. On the hourly chart, the bearish volume has been continuously releasing, and after breaking below the middle band, the price continued downward.

Overall, short-term bearish signals are very clear. Evening trading strategies could consider short positions at resistance levels, and look for opportunities to enter during rebounds.

Yigongzi's evening forecast:
#美国贸易赤字状况 Short at around 90,800-91,300 to seek space, with the lower target around 89,700-88,900.
$BTC Short at 3,130-3,150, with the target down to 3,080-3,050.