$BTC $ETH The market in the next week should still be mainl | Old九歌 on Binance Square

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Bullish

$BTC $ETH The market in the next week should still be mainly volatile.
There was no sustainable pull-up this weekend. At present, combined with yesterday's rise, the third rise has been completed. The high point is close to 99 and it has entered the weekend consolidation. The current consolidation is a 4-hour level consolidation. If it follows the trend of Figure 1, it should continue for 2-3 days. It usually takes two rounds to oscillate in the box.
The macd green column of the 1-day line is out. As I said before: If it is not a unilateral big market, it is generally 3-4 as the average! There should be a few more. If so, will it definitely rise in the next few days? That may not be the case. The 4-hour consolidation mentioned earlier still needs time. So it can still be seen when it falls back to 965 mentioned yesterday! The middle line of the 3-day line is at 95500, so this support is still there.
Here comes the point:
Is the 3-day line similar to the market in March? The key point to be observed here is that if you want to go down the middle line, there should be another rising track action.
Overall, there is still more room for bullishness. The retracement to 965-955 is already a temporary limit, and there is a real chance to rise to 102-104.
Ethereum's trend was around 3690 yesterday, and the highest hit 3679, and began to pull back. The pullback will not be too much. 3520 is already a relative low point. According to yesterday's box, it will continue to fluctuate between 3520 and 3680.

Old九歌

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$BTC $ETH
In conjunction with the ETF's 900 million market explanation:
Yesterday's net inflow marked the first successful launch of the New Year, representing a certain attitude of capital! It also reflects market sentiment, as a rebound from the daily zero axis finally occurred after two consecutive weeks of corrections. The 1-hour level has also initiated three rebounds at 91500, directly approaching 99000. Based on a reasoning of a 3000 dollar move, if a fourth occurrence happens, it will be around 102500. This is a significant gap at CME, and if a fifth move occurs, it may correspond to around 104500. If the 105 level cannot be breached, it means this rebound technically continues to correct. Breaking through could potentially lead to a divergence at the daily level of 110000, and a technical peak may emerge.

Of course, this is just a kind of reasoning, but it does have some logic.

Additionally, there are policy-related messages, all waiting for Trump's inauguration on January 20, along with a non-farm payroll and a rate decision. This month is also a key node driven by significant policy changes.

Will it go straight up? In the absence of policies, it depends on market patterns and sentiment.

Observing various indicators and patterns in the market, this rebound was already suggested to everyone to enter long positions at 91500, aiming for 95-99. This has been discussed internally and externally, and at 915, there was a 4-hour bottom divergence. In a bull market, one should decisively enter with a 30-50% position. Even if it drops back to 90000, the loss is acceptable.

Currently, the rise to 99 encounters some resistance, indicating pressure is present, mainly due to the liquidity issues faced over the weekend. As long as it can stabilize at 96500, the bullish outlook remains, and even at this position, one can continue to lay out long positions with a stop loss of 500 dollars. Currently, avoid short positions; opening shorts over the weekend and oscillating for two days would make the large positions unstable, which is not worth the risk. At least wait for the fourth bottom volume to confirm!

Ethereum is officially looking at 3600; previously, it could only see 3550. The reason for aiming at 3600 is that 3300 has been tested multiple times without breaking, and altcoins are not falling either, all waiting for Bitcoin. Now that Bitcoin has completed an irregular five-wave decline and started to rebound, and the volume is decent, so looking at 3600 for Ethereum is reasonable. Currently, it has broken the range of 3300-3545, so it can potentially rise higher, even up to 3690. This forms a new range of 3500-3700. Thus, the pullback should find support at the bottom of this range, while shorts should attempt at the top of the range. The specific numbers cannot be determined, but they won’t exceed 20 in either direction.

Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.

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