Tuesday, bulls unable to rebound, Bitcoin continues to decline below 9

As bears move south, the rebound is just a trap. Yesterday opened with a sharp drop, followed by intra-day oscillation and adjustment. After stopping at 91,800, it rebounded to around 93,400 but faced resistance and pulled back for correction. Currently, market sentiment is weak, and the impact of tariffs and the expectation of no rate cuts in January have led retail and institutional investors to lack confidence in the market. Bitcoin is likely to break below 9 again in the near future.

From yesterday's performance, it is expected that there won't be much rebound strength today. The daily chart shows six consecutive bearish candles, indicating a very weak one-sided trend. If during Asian and European sessions the price rebounds to around 93,000, consider opening a short position first, reserving some capacity to add above 94,000. Watch for further volume-driven declines. For now, there are no plans to go long.

Bitcoin: Suggest short positions in the 92,700-93,200 area, targeting 90,800. If broken, look further down to 89,500.

Ethereum: Suggest short positions in the 3,190-3,210 area, targeting 3,120. If broken, look further down to 3,080.

A seasoned veteran of eight years, witness to the changing tides of bull and bear markets, prefers to walk with the light rather than fight alone. Buddha guides those with fate, only waiting for the dedicated.