$BTC 1.12 Evening BTC/ETH Trading Analysis and Recommendations

No matter how complicated the current market is, trust that the trend will eventually become clear. While waiting, focus on learning, reviewing, and improving your understanding. Wealth is the realization of cognition; when your understanding matches your wealth, it will naturally flow to you. This morning, when Bitcoin rose above 91,600, I also suggested a counter-trend move to take advantage of the pullback. After a wide-range tug-of-war and rally, it started to decline to around 90,700, successfully capturing over 900 points.
Technical analysis of BTC four-hour candlestick chart shows the core conclusion: a short-term surge followed by a pullback, in a phase of moving average battles. The bullish and bearish opinions are clearly divided. Short-term bullish momentum is weakening, medium-term support has not been effectively established, and the long-term trend has not shown a clear break. Recently, during the surge phase, trading volume increased, and during the pullback, volume did not significantly decrease, indicating profit-taking actions at high levels. Market sentiment remains cautious.
Trading Recommendations
BTC around 9000-89500, target near 9200
ETH around 3080-3030, target near 3170