Market Update: Key Resistance Levels and Strategy for January 2025
Good evening, everyone. I’m back to share my thoughts after focusing on some quantitative analysis over the past couple of days. There hasn’t been much to report as the market has been moving in the direction I anticipated. As long as the price stays above the slope line, I don’t foresee a further decline. You can review my previous post for more context.
With the U.S. New Year holidays now over, the first half of January looks set to follow a fluctuating upward trend, given the absence of negative news. The only point of interest might come around the 20th of the month, but until then, there’s little to worry about. Remember, every retracement presents an opportunity. If you're not already in a short position, I strongly suggest staying out of it for now.
For those following the market closely, the current resistance levels for Bitcoin (BTC) are as follows:
97050, 97850, 98450-99950
The strongest resistance sits between 99500-10300, followed by 101000 and 102640, which were missed earlier.
We’re seeing a relatively fast rebound, but keep in mind that upward movements will likely come with some retracements. If you’re holding a short position, there’s no need to panic; wait for the retracement before entering a long position. Don’t be tempted by the performance of others—chasing the market without considering the position will only lead to losses. Tonight, we’ll also need to monitor ETF market behavior closely. After the holidays, we expect net inflows to resume under normal conditions. Stay focused, stay patient, and take advantage of the opportunities
that arise.
$SOL $BNB $XRP #BinanceAlphaAlert #XRPBackInTop3 #BTCRebounds95K #BitcoinInSwissReserves #MicroStrategyStockSale
