1.6 Monday Afternoon Thoughts

In the morning, the major currency rose from the 97900 area all the way to the 99900 area, but failed to maintain the ascent and has currently shown a slight pullback. The major currency is now fluctuating in the 99300 area. From the market perspective, there is some resistance in the 99900 area, but here at Jianhua, we still remain optimistic about a continued rise after the pullback. Let’s look to go long on the afternoon dip.

1.6 Monday Afternoon Analysis

From the current market perspective, the strong momentum of the bulls has not continued well. Although it is currently slowing down due to resistance, it has not broken through the upper pressure level. In the 4-hour time frame, its trend remains in a sustained upward state. The short-term trend is very strong, showing a stable upward fluctuation trend, with each price fluctuation gradually raising the overall price level, demonstrating strong upward momentum and positive market sentiment. However, it is worth noting that the 100000 level remains a strong resistance level for the major currency. We still hold a positive outlook above the 100000 level.

1.6 Monday Afternoon Trading Suggestions

Long position suggestion for the major currency in the 98800-98100 area, targeting the 100000-101000 area, with a stop loss of 600 points.

Long position suggestion for Ethereum in the 3620-3590 area, targeting the 3700-3750 area, with a stop loss of 30 points.