January 16 Morning Market Review: Gaining experience from fluctuations, making each adjustment the foundation for the next rise.

Last night, Bitcoin bottomed out at 95304 before the bulls started to rebound. Although it surged to around 97000, it faced resistance and pulled back; Ethereum followed suit, stabilizing at the support level of 3266, then attempting to break through the key resistance at 3380 but failing, leading to a correction.

From the 1-hour K-line chart, the rebound momentum quickly faded, with a long upper shadow clearly reflecting selling pressure above. The MACD formed a death cross that continued to expand, indicating short-term bears are in control of the market rhythm; the Bollinger Bands are opening downward, with downward space gradually being released, showing an overall weak consolidation pattern in the market.

This wave of correction came somewhat suddenly, but it also gave us an opportunity to observe the fundamentals—supply and demand, capital flows—all worth reviewing. Technically, the outlook still looks somewhat bleak, but opportunities often appear at extreme positions.

**Short-term Trading Ideas**

Bitcoin: Consider short positions within the 96000-96500 range, targeting 94500, then looking further down to around 93600.

Ethereum: Short opportunities in the 3330-3350 range, with a target of around 3250.

#美国民主党BlueVault $BTC $ETH 's collaborative performance is still worth paying attention to. The overall rhythm is temporarily weak, and patiently waiting for confirmation signals is more important than rushing to chase orders.