Hai Ge's daily observation 20260108- Today's optimistic mood has subsided, with 93000 bears taking the lead and boldly increasing positions for a long-term correction! Bitcoin continues to encounter significant resistance at the 93000 level and experienced a deep pullback after the opening of the US stock market. Although there has been no news of BlackRock depositing coins, the current reported situation is that these ETFs are all selling. I have been reminding my short-term partners that they need to take profits at this position to obtain a portion of the profits. In addition, as previously summarized, ETF trading habits have begun to shift towards retail investors, who are now following market sentiment and not necessarily forming buying forces. Today, a total of 32 indicators were observed, with 6 indicators showing bullish (5 less than the previous day), 13 indicators showing bearish, and 6 indicators showing uncertain. Among the key selling indicators, 3 are bullish, 2 are bearish, and 2 are uncertain. Some key indicators that need to be emphasized: 1. The total amount of stablecoins has slightly decreased, but the significant drop in the USDC/USDT exchange rate reflects that funds are fleeing; 2. Bitcoin spot ETF outflow of $486 million, the largest outflow in a month, while Ethereum spot ETF outflow of $98.3 million; 3. The Coinbase Bitcoin Premium Index continues to be negative; 4. The volume of counterfeit transactions is beginning to shrink; 5. VDD and 100BTC display that the current position allows for further opening or adding positions. Hai Ge believes that important macro events include: 1) After Morgan Stanley applied for Bitcoin and Solana spot ETFs, Morgan Stanley also submitted applications for Ethereum spot ETFs, all named under its own brand; 2) The US High Court may make a ruling on the legality of Trump's global tariffs this Friday, and there may be significant market volatility; 3) The US Senate's encryption regulation bill has reached a critical juncture and will enter formal review on January 15th; 4) In December, the ADP employment in the United States was 41000, with an expected 47000, compared to a previous value of -32000, reflecting a weak labor market. We need to continue to wait for the release of the US non farm payroll report on Friday to adjust our expectations for interest rate cuts; 5) Brazilian presidential candidate calls for activation of national Bitcoin reserves. Today's summary: The market is severely divided, with retail investors and institutions accelerating their short-term trading pace. The market continues to digest pressure at the 93000 level. Against the backdrop of loose expectations, it is recommended to adjust and increase positions.