Thursday, 1.15 Midday Market Analysis

1. US Stock Market and Cryptocurrency Concepts: Recently, Bitcoin has been continuously rising, driving the strength of crypto concept stocks, strategy companies, and BTCETH ETFs, leading the US stock market. During the early hours of the US stock market close, BTC surged to 98,000 and ETH to 3,400, currently experiencing a brief pullback.
2. Data Perspective: US November PPI year-over-year growth rebounded to 3%, mainly driven by energy costs, but core PPI remains moderate, indicating that inflationary pressures have not spun out of control again. The Federal Reserve's policy tone remains dovish, but market expectations for the first rate cut may occur after the Federal Reserve Chair change.
3. The most concerning issue—tariff rulings—continue to be delayed. The Supreme Court has not yet ruled on Trump-related tariff cases and has not provided a timetable, so policy uncertainty persists.
On the 1-hour level, there is a top divergence; on the 4-hour level, a double top structure; on the daily chart, a false breakout of the EMA200 is blocked, and a potential top reversal pattern is forming. Multiple timeframes resonate bearish, forming an M-top. Consider shorting with a stop loss at 3410. Although the risk is relatively high, the potential reward is also significant. If it drops further, it may test the 3050 support level. The over 200-point profit is quite attractive.
ETH Trading Suggestion: Short around 3350, stop loss at 3410, take profit at 3250-3200.