The market on New Year's Eve gave us a good start—Ethereum dropped from 3030 to 2960, indicating that our short-term trading strategy is still quite on point.

Recently, the market has been like repeatedly testing the waters, with frequent oscillations. In this market environment, never chase highs or sell lows. Liquidity during Christmas and New Year holidays was already limited, making the market seem dull, but there's no need to rush. As the old saying goes—"The wider the horizontal, the longer the vertical"—sometimes it's not that the market isn't moving, but that the timing isn't right yet. The most important thing now is to stay patient and wait for opportunities to surface naturally.

From a technical perspective, Bitcoin's weekly chart shows a small doji with roughly balanced upper and lower shadows, and the Bollinger Bands are continuing to extend downward, indicating that the medium-term downtrend has not yet reversed. Although the bearish momentum in MACD is weakening, and the KDJ and RSI indicators are converging or flattening, this only suggests that the decline is slowing down, not that the bear trend has ended.

The daily chart is even more interesting, showing a classic triangle consolidation pattern—price volatility is narrowing, with resistance lines gradually moving down and support lines slowly rising. This pattern usually indicates that bulls and bears are entering a tug-of-war phase, and the market is about to choose a breakout direction. Currently, the resistance above is very strong, and multiple attempts to break through have failed; meanwhile, each dip is gradually raising support levels.

Looking at the overall situation, the market has reached a crossroads. The triangle is still converging, and the divergence between bulls and bears is growing: bulls believe the consolidation is "gathering strength in sideways movement to avoid decline," while bears insist on the logic that "long sideways always leads to a fall." Both sides' arguments sound reasonable before a breakout. The best approach now is to stay calm, control positions, and wait for the market to give its own answer. In terms of trading strategy, a defensive stance is essential—absolutely avoid chasing highs or selling lows, and let the trend develop naturally.

Short-term suggestions: Consider short positions around 89800-90500 for BTC, with the first target at 88500. If it breaks below effectively, then watch for 87800-87200. For ETH, wait for a short opportunity around 3045-3060, with the primary target at 2980. If it breaks below effectively, continue to look for 2950-2920.