Recently, Bitcoin's daily chart has been relatively weak, with prices continuously retracing, forming a clear downtrend. It now seems to be in a pit, in a low-range consolidation phase. On the hourly chart, the price repeatedly tests the important level around 90,000: when it falls below, buying support lifts it up (support is effective); when it bounces up, it is quickly pushed down again (upward pressure is evident). This creates a tug-of-war situation.

The market is in a "post-decline consolidation period," with bulls and bears fighting around 90,000. In the short term, it may continue to fluctuate near this level. The key is whether it can effectively break below 90,000 to continue downward or stabilize and gather strength for an upward rebound. In terms of trading, it is advisable to be cautious before the trend becomes clear.

Bitcoin (BTC) trading strategy for 1.9:
1. Buy at 89400-89800, stop loss below 88300, target 92250-93050
2. Short at 93050-92100, stop loss above 93700, target 90100-89100

Ethereum (ETH) trading strategy for 1.9:
1. Buy at 3045-3085, stop loss below 3015, target 3145-3185
2. Short at 3185-3145, stop loss above 3225, target 3070-3025