Evening Market Update

Hello everyone, I’m here to share the latest market insights. Over the past two days, I’ve been fullyfocused on quantitative analysis, which is why there haven’t been any recent updates. Honestly, there wasn’t much new to say as the market has been moving just as expected.

As long as prices don’t dip below the critical trendline, there’s no reason to expect further declines. If you recall from my previous update, the upward direction remains intact. Now that the New Year holiday in the United States has ended, we can look forward to January being relatively stable with no major negative news expected in the first half of the month. This means we are likely to see a gradual upward trend. The only time you might need to be cautious is around the 20th of this month. Until then, there’s no need to worry.

Every pullback in the market presents a potential buying opportunity. If you’re holding short positions, this might not be the best strategy right now. A key point to remember is that chasing long positions without proper planning or market understanding can lead to unnecessary losses. Always enter the market carefully and avoid rushing in based on others’ gains.

Key Resistance Levels for $BTC

Looking at the 4-hour chart (as it offers more detailed insights than the daily chart), the current resistance levels for Bitcoin are as follows:

$96,500 - $97,300

$97,800 - $99,000

The strongest resistance lies between $99,800 and $103,500.

Other important levels to watch include $100,800 and $102,400.

The market has been recovering quickly, but don’t expect a straight climb. The upward movement will likely come with periodic pullbacks. If you’re holding short positions, don’t panic. Wait for a retracement before entering long trades. Jumping in at the wrong moment, without considering the current levels, can lead to unnecessary losses. It’s better to plan your trades calmly and wait for the right opportunity.

ETF and Market Sentiment

As the holidays come to an end, we should start to see normal trading patterns resume. Typically, this includes a return of net inflows, which could support the market. Keep an eye on ETF developments tonight, as they could give us clues about the market’s next direction.

Disclaimer: The above information includes opinions from third parties and is for educational purposes only. This is not financial advice. Please conduct your own research before making any trading decisions.