BTC/ETH market analysis at 9:28 am on January 8, 2025
This night, 6.2 billion CNY were plundered, 188,241 people were liquidated and returned to zero, this night, BTC fell straight down by 4,600 dollars +, ETH fell straight down by 300 dollars +, and the copycat fell directly back to the starting point or even lower. There are two main aspects in the market. On the one hand, Trump’s press conference announced a lot of shocking news, such as changing the Gulf of Mexico to the Gulf of the United States, not ruling out the use of force to regain control of the Panama Canal, Canada’s strengthening of the economy and military to make it part of the United States, and Greenland becoming its own, etc.! These absurd remarks made the market dumbfounded. I don’t know what Trump is going to do when he comes to power. It is inevitable to panic when things are unclear. Capital is like this. If you smell an unexpected trend, you will run desperately;
The second thing is that Musk said Twitter has no intention of opening any cryptocurrency payment and is currently focusing on the development of stablecoins!
It is equivalent to the increase in uncertainty in the future. Trump only doesn’t mention encryption, and Musk has not opened up more ecological scenarios!
BTC attention
Support 94350/91800
Pressure is tentatively set at around 98000
ETH attention
Support 3185/3100
Pressure is tentatively set at 3440-3486
The secondary market is like this. If you don’t torture people to the end and exhaust the market, you will be ashamed of the image of capital. The start of 2025 needs a tone, and this tone should be set around the end of the month!
Be patient, keep your position under control, and don’t go all in! For intraday short-term trading, wait for the signal, and don’t make a move without the signal!
