Evening of January 21! Bitcoin fluctuates around 88,800, with the 90,000 level under pressure

Market Analysis

Bitcoin experienced wide-range fluctuations in the afternoon, repeatedly attempting to break through the 90,000 level without success. The bullish momentum is insufficient, and there is obvious selling pressure above. The current price hovers around 88,800, indicating a short-term weak oscillation pattern. The four-hour bearish signals persist, and the rebound space is limited. Ethereum is weakening in tandem, with strong correlation to Bitcoin, and the overall bearish sentiment remains unchanged.

 

Evening real trading strategy (mainly high short positions)

1. Bitcoin

- Direction: Short

- Entry: 89,000-89,500

- Target: 88,000-87,000

2. Ethereum

- Direction: Short

- Entry: 2,960-2,980

- Target: 2,910-2,880

 

Key Risk Control Tips

- If Bitcoin firmly stays above the 90,000 level, short positions should be closed promptly, watch out for continued rebounds.

- If Ethereum falls below 2,880, consider shorting towards around 2,850, strictly control position size and stop-loss.#Gate每10分钟送1克黄金