1.6 Morning Bitcoin Strategy | Bullish Momentum Fading, Patience for Pullback

Overnight Bitcoin surged again, reaching a high of around 94,700. The slow upward trend has indeed put some pressure on the bears. However, it’s important to note that this rally is not a one-sided explosion but a typical gradual rise from high levels. Currently, the upward momentum has clearly slowed, and chasing longs at these levels is not advisable.

From a technical perspective, although the bulls are strong, they have not effectively opened up more space above. The 4-hour price is oscillating along the upper Bollinger Band, quickly pulled back after a dip, appearing strong but actually representing a slow squeeze. If the price cannot break through this range, chasing the rally offers very low risk-reward and may lead to a correction.

Overall approach: Do not chase longs; wait for a pullback to short.

Trading suggestions:
BTC: Short in the 94,000–94,500 range, target 92,000–91,000
ETH: Short in the 3,240–3,260 range, target 3,150–3,100

One sentence summary:
Don’t chase the top; wait for a pullback to find opportunities. #加密市场开年反弹 #ETH走势分析 $BTC