Wednesday🗓️ "January 21st"

With a steady heart, no fear of rising winds and waves! Yesterday, during the Great Cold, the market experienced a cold snap—many investors felt disheartened.

Cryptocurrency markets are inherently volatile; enduring the lows is what makes a winner! While Federal Reserve policies and geopolitical games can be frustrating, volatility also hides opportunities for profit. Panic selling can be a good entry point. Stay disciplined—each correction is a buildup for the next rally!

Yesterday’s market followed the expected pattern of oscillation and decline. Ziqing previously warned to watch the 90,000 level for Bitcoin and 3,110 for Ethereum. As expected, after the US stock market opened, the two main cryptocurrencies quickly broke below these levels, perfectly aligning with the forecast. The market’s core logic has shifted from offense to defense. With bearish news and a clear technical bearish structure, Bitcoin broke below 90,000, dropping to a low of 87,700. This again confirms: respecting market laws and following the resonance signals of news and technical analysis are key to steadily "earning profits" in a choppy market.

Currently, BTC is consolidating and forming a bottom with ongoing bullish and bearish battles.
Bitcoin’s daily chart shows a large bearish candle forming a “two bearish candles with one bullish candle” pattern, indicating short-term bearish dominance. The 90,000 level provides temporary support. The 4-hour chart shows a downward oscillation without clear reversal signals. The Bollinger Bands on the daily chart are opening downward, with the price below the middle band. The 5/10-day moving average death cross further suppresses upward movement. Key resistance is at 92,000 and 95,000, with medium- to long-term resilience still intact.
Ethereum’s daily chart shows a bearish candle retracing gains, with increasing divergence between the 5/10-day moving averages. The 1-hour chart shows a head-and-shoulders pattern forming, indicating short-term resistance. The 4-hour Bollinger Bands are narrowing, and the price is weakly oscillating below the middle band. The death cross of the 5/10-day moving averages signals rising bearish sentiment. Key resistance levels are at 3,200 and 3,400.

Trading Strategy:
Focus on shorting high, buying dips low (control your hands, find turning points, manage positions, avoid chasing rallies or panic selling). Wait for clear breakout or breakdown signals before adding to positions. Specific market operations should follow Ziqing’s real-time tips.

Bitcoin🫓90,000-90,500🈳箜 Target 88,500. If broken, watch 88,000)$BTC

Ethereum🎯2,980-3,000🈳箜 Target 2,930. If broken, watch 2,850$ETH

May all traders in the Bingwu Year of the Horse have both the courage to "spur the horse and whip it on" and the steadiness to "advance steadily." Wishing everyone long-lasting success, continuous profits, and a prosperous new year filled with good fortune and smooth sailing!