Yesterday, many retail investors were trembling, desperate to survive. BTC didn’t drop much, yet some people are cutting losses at this position. Yesterday, the global financial market was on holiday, some were crying, others were cursing. It felt like a day without trading meant losing a chance to get rich. This kind of poison needs to be detoxified. However, once a large portion of people is infected, most will be deeply affected, ultimately leading to their demise. If newcomers are like leeks, in this circle, if there’s no one to guide them, they will hardly survive for six months. The crypto market, a place of gold, is also a battlefield, where survival is a slim chance.
The U.S. will release non-farm data on January 10 and the CPI index on January 15. These two announcements may not be very friendly this time, likely due to overdue lows. A rate cut in February may be paused. Recently, don’t get too carried away, buy the dip and hold onto some capital for risk management. However, if U.S. stocks collapse, the crypto market will still continue to rise, and the bull market is coming; dare to enter.
Currently, BTC has been raising its bottom for 4 consecutive days on the daily chart. These two days should be in a rebound phase. But it’s still not a reversal. The time for a one-sided rise is getting shorter, and the opportunities for retail investors are also decreasing. The upper pressure is near the life line at 96200-99500. The lower support is around 92232-95000. For altcoins, don’t short easily.
On the 4-hour level, there should be a continued rebound upward. If you want to short, consider stopping around 97300, with a stop loss at 98000. The lower support is around 94200, 92723. For altcoins, focus mainly on buying low.
From the perspective of the 3-day line, it’s still slightly off, not adjusting back in place. There may be only one opportunity left for everyone. Recently, some have entered the market to buy the dip. By March, if you haven’t boarded the train yet, if there’s another sharp drop soon, the opportunity to get on will be few.
