2024.1.13 Market Analysis

BTC analysis:

Bitcoin (BTC): Daily level: BTC has appeared a top model, and Wyckoff distribution has entered the d stage. It can be concluded that you can try to find a short position on the central axis of the model. Hourly level: It has effectively fallen below the four-hour Vegas channel line for the first time in three months. At present, there is no need to chase short at this position. There will be a rebound high point in the D phase of Wyckoff's distribution: the last supply point. You can open a short position according to the model (about 44,500 positions, but I think it may not come when there is generally no market on weekends). The current thinking is not to chase short positions, but wait until the point is reached before doing so.

ETH analysis:

Ethereum (ETH): Daily level: Yesterday’s classic plot falsely broke through 1.13, and is currently stepping back from the 0.6 rise. Hourly level: Pay attention to whether he can form a w-bottom at 2470, and then make an m-top at the false breakthrough position of 2707. Today’s intraday market support pressure: 2470, 2596. Short-term pressure level: 2707

Today’s focus points:

BTC: 44500

ETH: 2470, 2596, 2707