Happy New Year, 2.17BTC/ETH Market Outlook:

Amid the firecrackers, a new year begins. I was awakened early this morning by the crackling of firecrackers. Where are the banned firecrackers? They’re still going off everywhere, ignoring patrol warnings. It seems some deeply ingrained traditions are impossible to change!

Last week, I kept taking profits from high positions, and this week is no different. Yesterday, Monday, I shorted Bitcoin at 69,500 and Ethereum at 2020, gaining about 2,000 points and 50 points profit. Over the weekend, I relied on strong resistance at 70,000 and 70,500 for shorting, with Ethereum at 2100; on Thursday, I shorted Bitcoin at 68,000 and Ethereum at 2000; on Wednesday, Bitcoin at 69,000 and Ethereum at 2030; on Tuesday, Bitcoin at 7000 and Ethereum at 2100; and on Monday, I chased short positions at Bitcoin 69,500 and Ethereum 2040. Previously, I took a wave of shorts from 94,400 and 98,000 down to 75,000, only doing shorts along the way. Every rebound was a short opportunity. Anyone who follows the analysis daily has been profitable—some things are like habits, like traditions, deeply embedded in retail traders’ minds, and impossible to change!

Bitcoin found support at 67,200 and rebounded. The current price is around 68,700. The hourly Bollinger Bands are all trending upward, with the three bands opening higher. KDJ and RSI are turning upward, and MACD shows increasing bullish momentum. The candlestick closed bearish, but the pullback is supported by the middle band. The rebound demand has not yet been fully satisfied, and the market still needs to recover further. On the 4-hour chart, after testing the lower band last night and finding support, the price rebounded upward. KDJ lines are converging to form a golden cross, RSI is turning upward, and MACD bearish momentum is decreasing. No strong resistance signals are seen during the rebound, so shorting should wait; going short too early risks getting trapped!

The daily candlestick is likely to close as a doji star, especially since it’s around 7:30 now. The middle and upper Bollinger Bands are both turning downward. The lower band is curling upward, but there’s still plenty of room below. KDJ and RSI are both turning downward, indicating the overall trend remains bearish. In trading, it’s best to short on rallies. The market is volatile with rapid rises and falls. My consistent view is to watch for resistance and participate in short positions at high points!

For intraday resistance, first focus on the immediate level. Then, consider entering short positions around this area, targeting lower levels.

Ethereum has again approached the 2000 level for testing. The first resistance above is at this level. Consider adding to positions if it pulls back, and look for support below. The target below remains unchanged.