January 16 Market Observation



Bitcoin has started to turn down after a rebound in the past two days, with long upper shadows indicating that the bulls are weakening. The MACD has already formed a death cross, and the bears are gradually gaining the advantage. The Bollinger Bands are also opening downward—this signal couldn't be clearer. In the short term, the bears are dominating the rhythm.

Strategy-wise, it’s safer to short on every rebound. Remember two points: first, strictly set stop-losses; second, control your position size—never go all in.

Specific operations:
- Short entry range: 3370–3320
- Take profit targets: 3270 → 3220 → 3170

Watch $BTC and $ETH trends. US economic data is weakening, short-term risk appetite is declining, favoring the bears.
BTC0.91%
ETH1.07%
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