Good evening everyone, I am Xin Ya. I wish you all a Happy New Year! In 2026, may the new year bring new beginnings. Xin Ya will continue to dare to change the world.

The market movements during last night's trading session were quite orderly. After a rise to around 89,300, it faced resistance from bears. The rhythm at 4 AM saw Bitcoin drop to around 87,200 before rebounding. The market began to consolidate with reduced volume, and the future movements are leaning towards the one-hour EMA 120 and 144. From a fifteen-minute perspective, the MACD competition shows that 87,500 is an important pivot point. The resistance levels we provided yesterday, around 89,350 above and 87,300 below, have become the main range for fluctuations and a reference point for the balance of bulls and bears.

The situation with Bitcoin is overall in line with expectations, while Ethereum is still slightly impulsive due to the influence of altcoins. On the evening of the 31st, after breaking through 3,000, it peaked at around 3,030, but then experienced five consecutive bearish candles in fifteen minutes, similar to Bitcoin, and did not manage to stay above 3,000. If it were to develop an independent trend, Ethereum would actually have the opportunity to contest around 3,000, which would send a strong positive signal for future movements. However, the actual trend did not continue the signal and consolidated after retracing to the one-hour EMA 120 and 144, with the main fluctuation range centered around 2,950 and 3,008.

Every time Bitcoin and Ethereum show some momentum, they are met with resistance at the pressure zones. Due to the holiday, market liquidity is generally low, and for nearly half a month, the market has been in a self-consolidation phase, with more people choosing to wait and see, all waiting for a confirmed signal. However, the market is made by action, not by waiting. The most reasonable approach for everyone is to lean towards the higher side and take a directional position.

Our view can fully extend the market direction from the 31st. Bitcoin can re-enter short positions at 88,500-88,800, with a stop loss above the 89,500 pressure zone. For Ethereum, short at 3,008, with a stop loss at 3,042. If going long to catch a rebound, Bitcoin can be bought at 86,500-86,800, with a stop loss at 85,850, while Ethereum can be bought at 2,945 to catch a rebound, with a stop loss at 2,925. The inclination remains unchanged, with a bearish bias in the fluctuations.

I hope everyone has a Happy New Year, and may the new year bring continuous success, overcoming obstacles, and becoming the person you aspire to be.

Let’s move forward together. Official account: Jiang Xin Lun Chan

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