1.9 Friday Bitcoin and Ethereum Evening Analysis

The intraday market performance shows a slow oscillating downward trend. In the early trading, the price briefly rose to around 91600, then experienced a oscillating correction, touching levels near 90800. In the afternoon, it oscillated again around 91200, ultimately falling back to around 89700. This correction aligns with my expectation of around 90000. Currently, on the daily chart, the bullish momentum is decreasing in volume, with a downward trend that requires attention to the support level near 89000. On the four-hour chart, the bearish momentum is shrinking, forming a bearish candle with a long lower shadow, with key resistance above at around 91600.

Bitcoin looks bearish around 90800 and targets around 89000; Ethereum is around 3120 with support at 3000, expecting a rebound on the correction.
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