On January 12th at 14:00, the current price is approximately 90,800. With 90,000 as the dividing line between bulls and bears, short-term oscillations lean slightly bullish. Prioritize low buy-ins and secondary high sell-offs, strictly control position sizes with stop-losses.

I. Key Price Levels (Priority Order)

- Support: 90,000 (Strong, EMA15/30 resonance), 89,500 (Middle Bollinger Band), 88,400 (Moderate)
- Resistance: 91,200 (Intraday minor resistance), 92,000 (Key), 92,650 (Strong resistance), 94,200-94,400 (Wave target)

II. Multi-Timeframe Technical Analysis

- Daily: EMA15/30 support at 90,000, MACD decreasing in size, DIF/DEA below zero, oscillating slightly bullish, maintaining above 90,000 indicates continued bullish trend
- 4-Hour: EMA contracting, MACD forming a golden cross with increasing momentum, Bollinger Bands narrowing, leaning bullish above 90,000, turning bearish if below
- 1-Hour: Short-term bullish, watch for a breakout above 91,200 with volume confirmation; volume breakout targets 92,000

III. Technical Indicator Highlights

- Daily MACD: Decreasing in size, DIF/DEA below zero, no clear trend, mainly oscillating
- 4-Hour MACD: Golden cross with increasing momentum, bullish momentum recovering
- Volume: Breakouts at 91,200/92,000 require volume; otherwise, false breakouts and quick pullbacks are likely
- Market Sentiment: Fear index at 26, neutral to cautious, beware of sudden news shocks

IV. Core Trading Strategies (Can be executed directly)

- Strategy 1 | Low Buy (Priority)
- Entry: Gradually buy at 89,800-90,000 or buy on rebound at 89,500
- Stop-loss: 89,000 (if below 89,500 and cannot recover)
- Targets: 91,200 → 92,000 → 92,650 (partial profit-taking)
- Risk Control: Position ≤30%, single trade stop-loss ≤2% of total funds

- Strategy 2 | High Sell (Secondary)
- Entry: Short at resistance 92,000-92,650 (false breakout/divergence)
- Stop-loss: 93,000 (if above 92,650 and stabilizes)
- Targets: 91,200 → 90,000 → 89,500 (partial profit-taking)
- Risk Control: Position ≤20%, single trade stop-loss ≤1.5% of total funds

V. Execution and Risk Management Rules

1. Lifeline: If 90,000 is broken and cannot recover, immediately switch to short or hold off; do not fight the trend
2. Partial Positioning + Trailing Stop: After breakout of 91,200, move stop-loss up to 90,500; upon resistance at 92,000, reduce position by 50%
3. Volume Verification: Breakouts at 91,200/92,000 require volume; without volume, quickly take profit or exit
4. Time Window: Monitor liquidity before and after US stock market open; beware of sudden volatility spikes