January 3rd BTC/ETH Strategy Analysis:

The US stock market opened strongly for the new year, boosting market sentiment. Institutions like BlackRock continue to buy spot assets. Bitcoin spot ETF inflows reached $470 million, and altcoin spot inflows totaled $170 million. This rise is driven by spot buying. Since the US stock market is closed on Saturday, there is little volatility; it all depends on the depth of the correction!

BTC
After the US market closed, the price rose and broke through the daily resistance at 9050. Currently, the chart shows consolidation at a high level, with a bearish engulfing pattern on the candlestick, indicating that selling pressure above is too strong and a correction is inevitable. Watch around 9050, with a continued correction targeting 8960-8850. If it does not fall below 8960, the rebound may continue. Only a break below 8850 would mark the end of the four-hour rebound. Adjust your positions based on the situation and monitor these two levels.

ETH
The rebound just reached the daily resistance zone and started to retrace. Over the weekend, a small attempt to rebound in the 3130-3150 range was made. Minor support is at 3070. A four-hour close below 3070 would signal the end of the small rebound. For conservative traders, watch around 3020.

Short-term trading should be flexible and adaptable. Defensive strategies depend on your actual position! $BTC