Since Bitcoin broke through the falling convergence triangle on the 1st, its rise has been relatively strong. It fluctuated sideways on Saturday and Sunday. Today's weekly closing was quite good. The resistance of Bitcoin indicators has basically been broken through, and it is just one step away from success.
Bitcoin bulls and bears are currently competing with each other, and neither wants to give in easily, so this is a suitable time for swing trading, while keeping an eye out for pullback opportunities.
Some people often say that it will be good if Bitcoin can pull back to 8.4w to open a position. For short-term purposes, it is extremely easy to go short, and it is easy to induce the air force to hold the mid-line to see 8.4w, and as long as it pulls above 100w again, what will happen? When it reached a new high in the follow-up period, the Air Force, which was chasing the short position at a low level, became panicked.
I believe that every time BTC pulls back to around 90k and holds, there is no need to overly predict a drop to 80-70k. BTC has repeatedly pulled back to 90k without breaking it, then quickly rebounded to 96k/97k, stabilizing at 95k. A breakout above 97,200-97,700 would indicate a reversal, as breaking here would quickly lead to 98,200-98,800. Once the pressure at 98,200 is digested, it will aim for 100k and above.
Currently, the knockoff is only in the phase of following the rise and has not developed an independent trend. The following four need attention:
One, the Federal Reserve announces the minutes of the December monetary policy meeting on January 9 (03:00)
Two, the U.S. non-farm payroll for December (in ten thousand) released on January 10 (21:30) and the U.S. unemployment rate (21:30)
Three, CPI on January 15
Four, Trump's inauguration on January 20
There are two weeks until Trump goes online, Congress certifies Trump's victory today, and once the favorable news lands on January 20, it can be sold at high points.
The trends of TREMP, MAGA, and FIGHT are quite obvious. Basically, the rise from the 2nd until now is controlled within a 50%-100% increase range. Rapidly expanding the bottom range, there is momentum behind it, and it is expected to operate with tenfold space in the upcoming two weeks.
Speculating requires learning to leverage short-term momentum and inertia, and being bold!
1. WAVES
Wave currency, Russia's real currency, reacts joyfully to any fluctuations in Russia; it can also be regarded as a diplomatic currency associated with Trump, so pay more attention to it in the future!
2. IO
The volatility of past old coins is becoming smaller, while IO is beginning to move forward as the main force. From its graphical structure, IO is currently experiencing a major rise at the monthly level, and for a major rise at the monthly level, one must maintain a monthly position!
3. FIL
FIL has shown significant volatility today after a long time, and a surge is expected in the short term, but looking to the future, it can only move upward by leveraging the power of the trend. Overall, I still do not hold a positive outlook on it!
