Market analysis for the evening of January 7th. After breaking the level of 101500 during the day session, there has been continuous bearish volume, and the low point has currently reached around 100500, which is not far off from the expected 100600. It is recommended to reduce positions and take profits on the short positions.
In the short term, the market is currently retracing. The lower support at 100389 serves as short-term support. Based on the current situation, there may still be a wave of false signals, with an expectation of a spike near 99450 around midnight. Cautious traders can set a buy limit at 99500 and watch for 101000/102500.
(The spike condition is established if it falls below 100000, or whether the price remains above 100000 and also above 100400 after midnight.) #BTC重返10万 #本轮牛市周期预期 #微策略持续增持BTC #币安MegadropSOLV #币安Alpha上新