The recent trend in the cryptocurrency market has been tense, with the market generally awaiting the approval results of the first batch of spot ETFs on January 10, which could lead to increased short-term volatility.

‌Bitcoin (BTC) trend‌: Currently in a high-level oscillation pattern, technical indicators show that the direction is still unclear, but the weekly chart remains strong bullish signals; on the night of January 1, it experienced a sharp plunge, dropping from $89,000 to around $87,000, triggering over 100,000 liquidations. In the past 24 hours, it rebounded to $86,000 (an increase of over 1%), but trading volume nearly halved, reflecting cautious market sentiment.
‌Ethereum (ETH) trend‌: A triangle consolidation pattern has formed on the 4-hour chart, and a breakout is expected within the next 1-2 days (around January 10); the market is optimistic about ETH’s prospects, mainly supported by expectations of the Cancun upgrade, with news indicating continuous institutional accumulation.
Overall, investors are advised to remain patient, avoid futures trading or full-position operations, to mitigate risks from approval outcomes falling short of expectations.