#贵金属黄金与白银刷新历史高位 January 21 Market Analysis
The performance of Bitcoin these past couple of days has been quite aggressive—last night, it decisively broke through the 90,000 level without resistance, heading straight for the 87,800 mark. The bulls are completely suppressed. Our long-standing bearish outlook remains correct, and this recent decline has been quite accurately anticipated.
From the candlestick charts, the bears are in absolute control. Comparing to gold's trend, the 4-hour chart shows a continuous waterfall decline with no signs of stabilization. The support levels below have not yet formed effective reference points, so today's logic is clear—trade short at high levels in line with the trend, with short-term longs only serving as auxiliary strategies.
The specific trading approach is as follows: $BTC can open short positions above 89,000, with the first target at 87,500; if broken, then look at 85,000. Conversely, if a sign of stabilization appears, participate in short-term longs, but strictly follow the market signals. $ETH should follow Bitcoin's rhythm.
In summary, the current phase is about going with the trend.