Morning thoughts on January 9:

The market has once again entered a correction phase, which aligns with the typical correction trends following a major market movement. This indicates that the price ratio is building a new ascending platform. From the current situation, the bulls are showing sufficient advantages in both momentum and formation, making the likelihood of a significant reversal and deep pullback in the short term extremely low. At least for now, this situation will not occur; rather, it is highly likely that after the correction ends, the market will continue to recover lost ground.

Observing the 1-hour candlestick chart of Bitcoin, last night the price of Bitcoin quickly dipped to a low near 92,500, a sudden fluctuation that likely caught many bulls off guard. However, the price soon entered a rebound mode, currently around 95,000, showing a clear rebound trend. The price is now close to the middle band of the Bollinger Bands; if it successfully breaks through this middle band, it is expected to continue moving upward. Meanwhile, the two lines of the MACD indicator have started to cross upwards after hitting the bottom, which is undoubtedly a positive signal for bullish sentiment, and the bullish momentum is gradually strengthening. Additionally, the three lines of KDJ also show a straight upward trend, with the gap gradually widening. In terms of the structural trends of the price ratio in the short term, as the support below gradually solidifies, the pressure above will also weaken, so it is highly probable that the bulls will continue to maintain an upward trend in the future. Although there may be some pullbacks during this period, we can still view it as a process of the bulls gathering strength, so we can adhere to the main bullish mindset for future positioning.

Buy Bitcoin at 93,800-94,200, aiming for 96,000-96,500.

Buy altcoin at 3,280-3,300, aiming for 3,360-3,380.

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