#美国核心物价涨幅不及市场预估 January 16 Morning Market Review: Bitcoin and Ethereum Price Analysis

After a night of volatility, the market has gained some experience. Looking back, BTC tested a low of 95,304 last night, and the bulls began to rebound. However, when approaching 97,000, it faced resistance and then pulled back; Ethereum also dipped to the support level of 3,266 to stabilize but couldn't break through the resistance at 3,380, eventually retracing for a correction.

From the 1-hour K-line chart, the rebound was quick, and the decline was also swift, leaving a clear long upper shadow at the top—indicating significant selling pressure above and weakening bullish momentum. On the technical indicators side, the MACD has already formed a death cross and continues to expand, showing short-term bearish dominance; the Bollinger Bands are opening downward, and the downward space is gradually being released. Overall, the market is currently in a weak consolidation phase.

Regarding trading strategies: Bitcoin can consider short positions in the 96,000-96,500 range, with targets around 94,500 and even 93,600; Ethereum in the 3,330-3,350 range for short positions is also reasonable, with targets around 3,250.