1.9 Early Morning Bitcoin and Ethereum Market Analysis and Trading Suggestions

From the chart structure, the four-hour timeframe experienced a series of downward candles with only a slight rebound in a fragmented bullish pattern. The rebound strength is clearly weak, indicating that the bearish momentum remains dominant. Although the price temporarily halted its decline, the overall trend has not reversed, and the selling pressure continues to be released gradually. Market sentiment is becoming weak. While the breakdown has not been fully confirmed, structurally, the continuation of the weakness is highly probable, and the downside space is expected to open further.

Looking at the one-hour timeframe, after oscillating at low levels, there are slight signs of bottoming out. However, in the overall bearish pattern, such technical rebounds often lack sustainability and may even be traps for more buying. The current rebound should be viewed as a temporary correction within the downtrend and unlikely to change the dominant bearish rhythm.

Therefore, in subsequent trading, it is recommended to maintain a high short position mindset, patiently waiting for a weakening rebound to enter. If the price tests key resistance levels and shows signs of pressure, it can be considered a good opportunity to position. Overall, follow the trend, beware of false rebounds, and patiently wait for the continuation of the bearish trend.

Bitcoin can be shorted around 91,500, with a target of 89,500.

Ethereum can be shorted around 3,130, with a target of 3,050.