Wednesday, 1.28 Midday Market Analysis

The daily chart shows that after a recent sharp decline, the price has rebounded, but the current rebound strength is weakening, and the candlestick bodies are gradually shrinking. On the 4-hour chart, the price is fluctuating within the 89100-89500 range, testing the support at 89100 multiple times. Technical indicators show that the EMA price is currently constrained by the EMA30 resistance, while the EMA7 provides some support. The long-term EMA120 (90566) remains downward, indicating an overall bearish trend.
Macroeconomic news: 1. Trump intends to devalue the dollar and claims it can fluctuate like a yo-yo. A blatant market manipulation, yet there is nothing that can be done about it.
2. The probability of a US government shutdown on Polymarket remains around 80%, with negotiations between the Democratic Party and the Trump administration to see if some departments can avoid shutdown.
3. The Fed's rate cut probability at the upcoming FOMC meeting is less than 2%, but the government shutdown still poses pressure.
BTC Trading Suggestions: Short at 89400-89700, target 88200-87500, stop-loss above 90000.
Second team: Short at 3020-3050, target 2920-2850, stop-loss above 3070.