Wednesday, 1.28 Morning Market Strategy Analysis

Bitcoin (BTC) has risen as expected to around 89,500 points, and the medium to long-term long positions previously set up have reached the first take-profit target.

In comparison, Ethereum (ETH) shows a stronger trend, breaking through the 3,000-point level. It is expected that the market will experience a technical correction this morning to accumulate upward momentum and lay the foundation for a subsequent breakthrough of the previous high.

Today's core trading idea in the morning: focus on shorting at high levels and waiting for pullbacks.

Morning Trading Suggestions

Bitcoin can be shorted in the 89,600—90,000 range, with the first target at 88,000 points.
If the support at 88,000 points holds, consider reversing to go long; if it breaks below, look further down to the 87,500 support level.