Analysis of
$BTC and
#altcoins on January 10
As analyzed yesterday on January 9, I am waiting for the ideal buying zone of $91,000 to $92,500
$BTC . This morning, January 10, BTC has reached a fairly strong resistance zone in my view. Currently, I have entered my second order at $91,800 and there has been a response in BTC's price, which has risen to $94,800 but then continued to drop to $91,100. However, it still hasn't broken through $91,000, which is currently holding quite firmly. At the time of writing this article, BTC is priced at 92151
$BTC . On H4, the RSI has hit a bottom and has been moving sideways for quite a long time, with an expectation for the RSI to rise and a nice green H4 candle, hoping for the continuation of the second and third green candles, we will see the market turn green again on H4.
With the Altcoins, although BTC has dropped more than 3%, many Altcoins are still green or have not dropped much, quite a few Altcoins have dropped less than BTC. This shows that the selling pressure on Altcoins has decreased, and they are holding their prices quite well. It won't be long before we see Altcoins turn green and rise strongly again.
For BTC, there is an expectation to bounce back to $99,000, which will be the first price level we see soon, so there is no need for negativity.
According to Coinglass, in the past 7 days, the Short ratio is $9 billion and Long is only $1.39 billion. In the past 30 days, the Short ratio is $12.84 billion and Long is only $3.32 billion.
From this data, we can see that BTC will have to push up soon to balance the Long Short ratio.
For Spot, BTC's current price is quite good for buying, you can allocate 50-60% of your capital at this price if you haven't entered yet.
For Altcoins, the current price is excellent for long-term or medium-term investments; you can buy nice coins like
#OP apt, ARB, DYDX, Gala, Omni, BB, Lumi, Pixel... Make sure to diversify your investment into at least 6-10 coins. You can enter with 50-60% of your capital if you haven't entered yet; I have already invested everything, but primarily in BTC.