On January 7th, will Bitcoin and Ethereum's trends break through the 100,000 mark as the market predicts?

Federal Reserve officials have signaled a rate cut, implying a potential increase of over 100 basis points within the year. Meanwhile, international situations are constantly changing. The market saw a volume surge before the US trading session, but after breaking through 94,000, it failed to stabilize, instead creating a false breakout and setting a bull trap.

I have been warning—don't blindly follow the trend to go long. Many people chased aggressively at high levels, but the trend had already shown signs long ago. We had short positions in the 942-945 range, which suddenly surged just before the US session to the entry point, then immediately triggered. After a period of consolidation, it plunged sharply, dropping 3,000 points from a peak in an instant, finally falling to around 91,400.

On a short-term basis, moving averages have formed a bullish alignment, and the golden cross has been confirmed, indicating that short-term momentum is building. But where is the problem? Trading volume has shrunk to an extreme, which is completely disconnected from the price increase. Volume-price divergence is the most dangerous signal, indicating that the upward momentum lacks strong conviction. Additionally, recent candlestick patterns show a bearish engulfing, so it’s safe to say that the correction will continue.

Trading strategy: Focus on short positions between 93,100-93,500, with consideration to add at 94,200. Watch whether 91,900 can be broken; if it is, then keep an eye on 91,400, and for a more aggressive approach, target 90,600.