Happy New Year, 2.17BTC/ETH Market Outlook:

Amid the firecrackers, a new year begins. I was awakened early by the crackling sounds of firecrackers. Where are the banned firecrackers? They’re still going off everywhere, even ignoring patrol car warnings. It seems some deeply ingrained traditions are impossible to change!
Last week, I was consistently 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 2000 points and 50 points profit. Over the weekend, I repeatedly relied on strong resistance at 70,000 and 70,500 for Bitcoin, and 2100 for Ethereum; 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; on Monday, I chased short positions at 69,500 for Bitcoin and 2040 for Ethereum. Previously, I took a wave of shorts from 94,400 and 98,000, riding down to 75,000, only doing shorts along the way. Every rebound was a short opportunity. Anyone who reads the analysis daily knows that there’s always profit to be made. Some things are just habitual, like tradition, and have become ingrained in retail traders’ minds—impossible to change!
Bitcoin found support at 67,200 and rebounded. Currently, the 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 upward correction. 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 up, and MACD bearish momentum is decreasing. No strong resistance signals are present, so shorting should wait; going short too early risks getting trapped!
The daily candle is likely to close as a doji star, especially now around 7:30. The middle and upper Bollinger Bands are both turning downward. The lower band is curving 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 quick rises and falls. As always, Zhongliang’s view is to watch for resistance and participate in high shorts!
For intraday resistance, focus first on the immediate level, then around this area. Enter short positions around resistance, with targets downward.
Ethereum has again approached the 2000 level for testing. The first resistance above is here; consider adding to positions if it pulls back. The target below remains unchanged. #Gate广场发帖领五万美金红包 $BTC