January 9th Cryptocurrency Market Outlook.

From the overall market perspective, both BTC and ETH are facing critical technical resistance. On the Bitcoin side, the current short-selling strategy is to place orders in batches— the first at 92,192, and the second around 93,500. Once entered, set the stop-loss at 94,444.44, with a target of 88,000. The approach for Ethereum is similar, with the first order at 3,189, the second at 3,250, a stop-loss at 3,300, and a target down to 2,786.

The recent pullback over the past two days is actually quite normal, so there's no need for overreaction. As long as the stop-loss is properly set, wait patiently. However, it’s important to note that on the daily chart, based on the daily closing prices and candlestick patterns, there remains a risk of a trend reversal and decline. Especially if the position is held overnight tonight, it is recommended to hold the short position for three days before making a judgment, and avoid rushing to close the position.

Overall strategy: The bulls have cleared the field; continue to short on rallies.