Yueying: Bitcoin and Ethereum Market Analysis Today (January 3rd) - Has the Trading Range Broken and a Temporary Bottom Appeared During the New Year's Day Holiday?

The previous short-selling strategy for Bitcoin resulted in a range of approximately $2000. Looking at the daily chart, the market entered 2026 with two consecutive positive days, but failed to sustain the upward momentum after breaking through the upper Bollinger Band. Intraday, it entered a period of consolidation due to resistance at the upper Bollinger Band. The Bollinger Bands narrowed and then slightly widened, with short-term moving averages turning upwards. The MACD fast and slow lines extended upwards with increasing volume, the KDJ crossed upwards, and the VR indicator consolidated around 90. On the 4-hour chart, the market oscillated upwards, breaking through the upper Bollinger Band but encountering resistance and pulling back. It is currently trading around the EMA200. The Bollinger Bands are widening, short-term moving averages are trending upwards, the MACD fast and slow lines show signs of turning downwards with decreasing volume, the KDJ crossed downwards, and the VR indicator consolidated around 150. Overall, although the market broke through the previous trading range, the momentum is currently limited. Coupled with thin trading over the weekend, short-term consolidation is expected, with potentially larger fluctuations tomorrow night. Therefore, a range-bound trading strategy is recommended for the short term. The short-term resistance level to watch is around the 60-day moving average. See the short-term trading recommendations below. Bitcoin short-term trading suggestions: Buy at 88500, sell at 91350 (take profits as needed after strategy activation). Ethereum's daily chart shows a slightly stronger rebound than Bitcoin, breaking through the 60-day moving average, but its overall technical pattern still correlates with Bitcoin. If it breaks through the previous high, watch for resistance around 3200, and support around 3000. Short-term trading should focus on buying low and selling high within the range. See short-term suggestions. Ethereum short-term suggestions: Sell at 3188, buy at 3058 (Click the image to see the homepage introduction for more cryptocurrency analysis). — I am Zhou Yueying, a teacher specializing in technical analysis. If you have any questions about trading or trends, feel free to discuss and learn with me! Let's exchange ideas and profit together!