Mufeng Looks at Trends: Bitcoin/Ethereum Trading Suggestions for the Evening of January 6

Today, KDJ, MACD, and BOLL continue to maintain a bullish resonance. Overall, the daily chart is showing very strong performance. On the 12-hour level, KDJ and MACD are still rising, but the increase in indicators seems a bit laborious. The BOLL indicator has opened up, which also means that the market is starting to move. Technical corrections are also necessary; even if there is a continued rise, a technical adjustment is needed in the short term, which is also a sign of building momentum. Therefore, at the current position, continuing to chase long positions definitely carries more risk than reward. For short-term operations, it is recommended to adopt a short-selling approach during rebounds. Specific points of reference are as follows:

Bitcoin: Short at 94,000-94,500, target 92,000

Ethereum: Short around 3,250-3,280, target 3,150

The above are personal trading suggestions for the evening, for your reference only.

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