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Good evening, friends. First of all, I wish you all a Happy New Year! The closing situation this round is not very ideal, as there is too much divergence on both sides. Bitcoin has closed into a falling channel continuation, and it can also form the beginning of a rising channel. It can be said to be a turning point within a turning point. The entire day's liquidity volume is particularly poor.
Since December 30, I have reminded everyone to pay attention to 92800 and 91600. Bitcoin has reached these two positions one after another, and then started a strong rebound from 91600. In the early hours of the 31st, it bounced to around 94500. After a slight tug-of-war between long and short positions, it peaked at around 95000 at four in the morning before starting to decline. Before the US stock market closed, it went down to 91850 without hesitation, dropping three thousand points!
How it went up is how it went back down! After the decline, it started a weak rebound. By four o'clock in the afternoon on the 21st, Bitcoin was pulled up to 93000. The bulls were unable to support the price but refused to let it drop. However, after the options expiration, the situation reversed! In just one hour, Bitcoin surged over a thousand points, and after some tugging, it once again surged to around 96200!
It has already gone through three extreme situations! Moreover, around 96000, the 15-minute chart showed severe volume-price divergence. At 10:30 PM on the 31st, after forming a bearish doji on the 15-minute line, Bitcoin started to decline again! It dropped another three thousand points!
It went down to around 93000, and after rebounding to around 94400 during the New Year's Day daytime trading, it returned to 92800! Recently, there has been a fluctuation of over three thousand points, moving back and forth five times! This shows the significant divergence between the end of the year closing and the beginning of the month! It has now returned to the center at 94000! During this period, regardless of whether one is bullish or bearish, those who held positions on both sides got slapped by the market, while those who didn’t adjust their positions ended up with good results! If one traded around the 94000 area, the results would be even better. The current structure is quite special, caught on an important timeline, and the structure is prone to two reversals. Previously, it was mentioned that it would move in a wide range, and unexpectedly, after two days, it is still in a wide range...
Pay attention to the upper levels of 95200-96400-97200.
Currently, focus on the old range below bitcoin at 93400-92800-91600.
For the second coin, pay attention to the upper levels of 3350-3380-3520.
Focus on the lower levels of 3320-3280-3180.
Since December 30, I have reminded everyone to pay attention to 92800 and 91600. Bitcoin has reached these two positions one after another, and then started a strong rebound from 91600. In the early hours of the 31st, it bounced to around 94500. After a slight tug-of-war between long and short positions, it peaked at around 95000 at four in the morning before starting to decline. Before the US stock market closed, it went down to 91850 without hesitation, dropping three thousand points!
How it went up is how it went back down! After the decline, it started a weak rebound. By four o'clock in the afternoon on the 21st, Bitcoin was pulled up to 93000. The bulls were unable to support the price but refused to let it drop. However, after the options expiration, the situation reversed! In just one hour, Bitcoin surged over a thousand points, and after some tugging, it once again surged to around 96200!
It has already gone through three extreme situations! Moreover, around 96000, the 15-minute chart showed severe volume-price divergence. At 10:30 PM on the 31st, after forming a bearish doji on the 15-minute line, Bitcoin started to decline again! It dropped another three thousand points!
It went down to around 93000, and after rebounding to around 94400 during the New Year's Day daytime trading, it returned to 92800! Recently, there has been a fluctuation of over three thousand points, moving back and forth five times! This shows the significant divergence between the end of the year closing and the beginning of the month! It has now returned to the center at 94000! During this period, regardless of whether one is bullish or bearish, those who held positions on both sides got slapped by the market, while those who didn’t adjust their positions ended up with good results! If one traded around the 94000 area, the results would be even better. The current structure is quite special, caught on an important timeline, and the structure is prone to two reversals. Previously, it was mentioned that it would move in a wide range, and unexpectedly, after two days, it is still in a wide range...
Pay attention to the upper levels of 95200-96400-97200.
Currently, focus on the old range below bitcoin at 93400-92800-91600.
For the second coin, pay attention to the upper levels of 3350-3380-3520.
Focus on the lower levels of 3320-3280-3180.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
BTC
96,757.58
-5.14%
ETH
3,403.67
-7.88%
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