#BTC Yesterday, Bitcoin experienced a day of oscillation within a narrow range, with only about 1000 points of fluctuation between the high and low. Overall, it can be said that it traded sideways all day. In the early morning, Bitcoin finally stabilized firmly above the 88,000 level, marking a significant recovery for the bulls, and the current slow upward trend has pushed the price to around 88,800. However, there are still no signs of a short-term breakout to new highs.

Ethereum, on the other hand, moved in sync with Bitcoin, but its recovery strength is relatively stronger. Currently, it has recovered to the 3000 level but has not yet broken through the previous high resistance. As it is Friday, the week is coming to an end, and the final stage of the market is approaching. How to grasp the last opportunity? It might be helpful to follow the current rhythm more closely.

From the current market situation, the daily chart continues to show a consolidation pattern with high points not breaking support lows, preparing for a breakout. With the arrival of a new year, the daily chart has turned positive again, with the Bollinger Bands tightening. In the short term, there are signs of forming a trend. The upper band has moved down to around 90,000, a key level to watch for future resistance.

Looking at the four-hour chart, there have been four consecutive bullish candles near the upper Bollinger Band, but no new bullish volume to push through the previous high resistance. Trading volume has become more sluggish in the short term. After yesterday’s consolidation and the recent recovery, a new triangular range has formed. Currently, it remains within the top of the triangle, with potential downward pressure in the future.

In the short term, the overall price cannot hold above 91,000, which still indicates false breakouts and trap setups. Although there might be slight bullish volume in the short term, the overall structure remains near key resistance levels. Early trading considerations should mainly focus on short positions.

Bitcoin can be shorted between 89,000 and 89,500, targeting around 87,000. Ethereum can be shorted between 3000 and 3030, targeting around 2940. #ETH