January 22 Evening Market Summary

The core logic of this round of adjustment is actually very simple: a rebound is an opportunity, and bears need to stay firm to the end.

As of now, the market has already fallen over 10,000 points. The rebound after touching the low last night is essentially a self-repair of market sentiment, mainly a technical retracement, and it’s far from signaling a bottom. Don’t be fooled by this rebound—waiting for a true bottom still requires more time, and it’s not there yet.

Looking at the market structure, today’s trend actually follows a very clear rhythm: the European and American sessions dominated the entire decline, with this time window being quite precise. As long as the volume during the rebound doesn’t match the move and key resistances aren’t broken, it’s all good opportunities for shorting.

Now, considering the broader cycle background: when the interest rate cut cycle reaches its latter half, it’s rarely a stage for bullish enthusiasm; instead, it’s a favorite hunting ground for bears. Positive data has already been digested, and market sentiment is retreating accordingly. The real downward move has just begun. Therefore, tonight’s outlook remains bearish, with confidence in the continuation of the downtrend.

Operational suggestions are as follows:
Consider short positions on Bitcoin in the 90500-91200 range, with initial targets at 88000 and 86500. If it breaks below, watch for 84000.
For Ethereum, short in the 3030-3060 range, with initial targets at 2900 and 2860. If it breaks key support, look for 2700.

The market is still in a correction cycle, and patience in waiting for confirmation signals is crucial.