Evening Thoughts on January 2nd

The intraday thoughts have been validated, and the evening unemployment claims have been released, which is negative news. Speaking of the market, the Bitcoin daily chart is showing high-level fluctuations above the short-term moving averages. The Bollinger Bands are opening up, moving averages are trending upwards, and although the MACD fast and slow lines are also trending up, there are signs of a potential turn. The volume bars are shrinking, and the KDJ is crossing above 80, needing attention at the resistance near 100, while the VR indicator is consolidating around 150. Looking at the 4-hour chart, the candlesticks are alternating between bullish and bearish but are facing resistance at the upper band. The Bollinger Bands are narrowing, and the short-term moving averages are showing signs of a trend reversal around the middle band. The MACD fast and slow lines are trending downwards and showing signs of a potential turn, with slightly reduced volume bars. The KDJ is supported around 50 and is trending upwards, so keep an eye on the resistance below 100, while the VR indicator is consolidating around 90. Overall, this wave of increase lacks a proper pullback, the candlestick pattern is strong, and if it breaks the previous high in the short term, it needs to be approached with caution. The Bitcoin trend often leads people to expect a pullback for buying but ends up disappointing, so caution is even more necessary now. If it continues to rise strongly without a pullback, there may be a significant level of shakeout in the future.

Bitcoin: 95700-96400 Buy Target 97000-97700

Ethereum: 3410-3450 Buy Target 3490-3530

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