Cryptocurrency Market Analysis: 1.17 Bitcoin daily death cross! Ethereum closes with double bearish candles and breaks below the double moving averages! Is a bearish trend approaching? Latest market analysis and trading strategy recommendations.

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Li Ying in the Cryptocurrency Circle: Bitcoin (BTC) Latest Market Analysis

Article Published on 2026.1.17-----00:20

The current price of Bitcoin is 94,700. Li Ying's strategy has been validated, and the downward trend has begun. From yesterday's 96,500 to the current 64,500, the daily line has retreated from a high position and is now oscillating downwards, forming consecutive bearish candles. In the short term, the downward momentum is dominant. The 2-hour K-line has tested the previous low area of 94,290 multiple times but has not effectively broken below it, indicating some support. The MACD daily line shows a death cross pointing downwards, and the 2-hour downward momentum is strong but shows signs of reduction. The main force is operating below the EMA7 and EMA30, indicating a bearish trend; the EMA120 is far from the current price, suggesting that the long-term trend remains upward. Therefore, Li Ying predicts that Bitcoin has a probability of rebounding in the short term, and the downward trend may be reversed. There is a demand for short positions, with the focus still on high positions for shorting.

Short-term Reference:

  • For long positions: 94,000 and 93,500, exit if it breaks below 93,000, target above 95,500 aiming for 96,500.
  • For short positions: 95,500 and 96,000, exit if it loses 96,500, target below 95,000 aiming for 94,000.

Ethereum (ETH) Latest Market Analysis

Before publication, the current price of Ethereum is 3,266. Li Ying's previously given high short position has now been validated, and the downward trend continues. Recently, it has been oscillating around 3,300 without breaking the previous high of 3,384, forming a short-term correction trend. The daily K-line shows two consecutive bearish closes and has broken below the EMA7 support, indicating a weak adjustment. The MACD 2-hour short position strength is dominant. The main force has broken below the EMA7 and EMA30, with significant short-term moving average pressure; the key support at EMA120 is at 3,200, indicating that the short-term consolidation will continue. Therefore, Li Ying's strategy remains unchanged, still focusing on high short positions, waiting for a correction before continuing to short.

Short-term Reference:

  • For long positions: 3,200 and 3,150, exit if it breaks below 3,120, target above 3,300 aiming for 3,350.
  • For short positions: 3,300 and 3,350, exit if it loses 3,380, target below 3,200 aiming for 3,150.

The above content is exclusively original by Li Ying; please indicate the source when reprinting! Article publication review has a delay, and the market changes rapidly. The above suggestions are for reference only, and risks are borne by the reader. I hope Li Ying's insights will be helpful to you!

The content of the article is time-sensitive and for reference only; risks are borne by the reader.

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