Happy New Year everyone! 2025 has begun, and the cryptocurrency market continues. I wish all my friends to go long and ride the Optimus Prime, and to go short and meet the Ocean Needle. May the market fulfill all desires!
Market Analysis:
Today the US stock market is closed, which means the volatility in the cryptocurrency market won’t be too high, so there is no need for elaborate strategies in intraday trading; focus mainly on short-term trades. From the daily chart, the market remains in a weak pattern, with continued oscillation and downward movement. The rebound is not significant, and the downward structure has not changed due to this brief rebound. Similarly, the 4-hour cycle rebound has not been sustained, and after rebounding to the upper boundary area, it has come under pressure and retreated again. Given the predominantly bearish main structure, the rebound is unlikely to continue, and it will probably continue to decline.
Trading Strategy:
Focus mainly on short-term trades during the day, build positions at important support and resistance levels, strictly implement take profit and stop loss, and avoid complex strategies; take profits when you're ahead!
#BTC