Significant Rise in February

Good evening, everyone. Let's take a look at the market tonight.

The current four-hour pattern is still in a downward trend. It rebounded a little bit during the day today, but it was very weak and could not go up. Now Bitcoin is fluctuating at the Fibonacci 786-100 position. We should pay attention to the important support of 91,500 in the future. If it falls below, it will most likely touch 90,000. Now it is basically a wash-out decline in the early morning. From the perspective of Bitcoin ETF, Bitcoin had a net outflow of 580 million US dollars yesterday, and Ethereum had an outflow of 150 million US dollars. When will a large-scale inflow flow into this market to improve? The market in January must clean up the long army, and February will usher in a big rise. Let's see if it can break through 94,000. Now this position is suppressed by the EMA moving average. Let's see if it can break through.

There are still 11 days before Trump takes office. The risk this month will be very high. The market is waiting for tomorrow's data, non-farm and unemployment rate. Now we are more worried that the Fed will consider suspending interest rate cuts. Another data this week is the US ISM non-manufacturing index, which rose from 52.1 to 54.1, far higher than market expectations. The job vacancy data released by the US Department of Labor showed that the number of vacancies reached 8.09 million, and the market expectation was 7.74 million. These data represent a resurgence of inflation and a decline in the Fed's expectations for rate cuts. Therefore, the US stock market plunged sharply, and the cryptocurrency market also collapsed. This round of bull market is indeed difficult. The last round of bull market started with a super-large release of money because of the epidemic. This round of bull market is a bit nonsense. It may not fall even if it falls by half. The cryptocurrency market is really too difficult. As long as we can safely get through this month and withstand this wave of killing, the market in February will pick up. Ethereum will upgrade in March, and there is a high probability that it will be hyped in advance in February. At present, we can only wait for opportunities. If it falls, we will stock up and wait for an outbreak of the market!