The New Year opening market brought many surprises. Bitcoin broke out of the previous range after the New Year's holiday, experiencing two consecutive bullish rebounds, but the upward momentum is limited after this wave of rally.

**Bitcoin Technical Analysis**

The short position strategy mentioned above has already yielded approximately $2,000 in profit. On the daily chart, after breaking above the upper band, the price failed to continue strengthening and began to consolidate after encountering resistance. The Bollinger Bands are gradually narrowing and slightly opening, with short-term moving averages turning upward, indicating a bullish signal is forming. The MACD fast and slow lines are starting to extend upward, volume bars are increasing, and the KDJ is crossing upward. The VR indicator is near 90. But on the 4-hour chart, the situation is slightly different—although the price oscillated and broke above the upper band, it retreated after encountering resistance and is now trading around the EMA200. The Bollinger Bands are opening, short-term moving averages continue upward, but the MACD shows signs of turning, volume is decreasing significantly, the KDJ is crossing downward, and the VR indicator is near 150.

Overall judgment: Although the market has broken through previous resistance levels, the continuation strength is limited. Coupled with relatively light trading over the weekend, the short-term trend is likely to be a consolidation or correction. Large fluctuations are expected tonight. Currently, it is recommended to operate within a range, with a focus on short-term resistance around the daily 60 MA.

**Short-term Trading Reference**: Long at 88,500, short at 91,350 (profit can be taken once the strategy is activated)

**Ethereum Technical Analysis**

Ethereum's rebound strength is slightly stronger than Bitcoin's, having already broken through the 60-day moving average, but the overall technical picture still closely follows Bitcoin. If it can break above the previous high, attention should be paid to the resistance around 3,200. Support levels above 3,000 are also important. The short-term approach is to trade within a range, buying low and selling high.

**Short-term Reference**: Short at 3,188, long at 3,058 (profit can be taken once the strategy is activated)

The market has rebounded at the start of the New Year, but whether it can develop into a true trend depends on the performance in the coming days. The technical analysis provides clear operational ideas, with an emphasis on risk control and strict execution of strategies. If you have questions about the market or want to discuss further, welcome to join and analyze together.