I woke up this morning feeling refreshed and full of energy. I quickly looked at the trend of the crypto market and the situation was not bad. Although the slope line has been broken, as long as the 4-hour line can be successfully closed above 940, the short-term stop loss will be basically stable; if it goes further and closes above 945, the short-term bullish pattern can be established. Looking at the altcoin side, it is still a "sad scene", and the tragic situation is shocking.
When I woke up in the morning, I heard about the fire in the rich area of the United States. The gossip was spreading that the rich people in the disaster area held a large amount of cryptocurrencies in their hands. Now they are in a hurry to cash out in order to rebuild the burned houses, which has brought a lot of selling pressure to the market. I was wondering: Didn’t these rich people buy insurance in advance?
With only 10 days left before the critical node, unless the market does not intend to take advantage of the new president's inauguration to hype up the positive news, time does not allow for another round of large-scale wash-out operations. Next, we must pay attention to the speed of the market's rise. If it takes off like a rocket, investors must be on their toes and guard against risks such as pin-spiking and 4-hour callbacks; if it advances in a slow and peaceful upward shock trend, the situation will be relatively controllable.
In the future, there will be a series of things waiting to happen: First, most of Asia is about to enter the Spring Festival holiday, and the holiday effects such as the return of funds before the holiday and the decline in trading activity are likely to bring negative impacts; secondly, the new president's coming to power is a major event in the currency circle. The market is full of positive expectations before the inauguration, which can be called a "king bomb" level of positive, but how the market will change after landing remains to be seen; thirdly, Japan's interest rate meeting on January 24th, according to past experience, is mostly negative news. In addition, there is no expectation of interest rate cuts in January. Under normal circumstances, the market will take a correction route in the second half of the month. Faced with such a complex situation, investors must promptly push up stop losses, reduce positions as appropriate, and carefully take every step to protect their own money bags.
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