Bitcoin rebounded from around 92,000 yesterday, with a maximum rebound of 7,000 USD, and the strength of the rebound is quite good. This should be the low point for the short term, and it is expected to test the pressure of 100,000 again, but it may not stabilize here, overall maintaining a range fluctuation between 90,000 and 100,000.
BTC ETF had a net outflow of about 270 million USD yesterday, and ETH ETF had a net outflow of about 75 million USD yesterday. 90K BTC seems to still be yesterday, and today it’s going to be 100K again. It seems this batch of manipulators is still quite polite, stopping at this point.
Everything is as expected, the funding rate has started to turn negative, and market leverage is gradually leaving. Next, the market will likely enter the golden fluctuation period that swing traders have been longing for; at this time, as long as we don't chase long or short, there is nothing that can cut you off, so do not chase long or short, especially chasing long, because many people will not short, but chasing long is the favorite operation of retail investors, which is also the main reason retail investors lose money.
In previous articles, I mentioned that first, don't worry that the bull market is gone, we are still in a bull market; second, don't worry about altcoins, even if they fall for a month, they might rebound in just a few days. We should still maintain the mindset of buying on dips, small buys on small drops, and large buys on large drops. Hold your spot and let’s walk together to the peak of the bull market!
For the bulls, the toughest day has passed. Bitcoin has repeatedly pulled back near 90,000, which is a rebirth, and every rebound hits 96,000 to 97,000, then after digesting the pressure at 98,200, it will surge again towards 100,000 and above. This directly indicates that the bull market has not ended. Yesterday, many people doubted that the bull market had ended, and the entire market structure was a downward trend. If it had ended, in a bear market, it would directly fall from 97,700 and go down one by one in the main downtrend, breaking below 90,000, 80,000, and 70,000; this is impossible at the current stage.
In a bull market, the pullbacks are strong, and the surges are also strong.
Bitcoin long positions generally won't be trapped for more than 72 hours. Once the resistance at 98,200 is digested, it will immediately surge towards 100,000 and 102,000+. Every time the market pulls back, the bears see 80,000 and 70,000, are they still not giving up? When it reaches 98,200, the defense point moves up to 96,850. When it reaches 99,300, the defense moves up to 98,000.
An epic altcoin season is coming! In the next month or so, BTC may fluctuate around the 100,000 high. It is expected that from late January to early February, BTC will experience a significant pullback, completing a retest on the weekly chart. In such a market environment, we may welcome an active period for altcoins. Due to the relatively high price of BTC and ample market funds, profit-taking may flow into ETH and other altcoins, driving their prices up. Especially ETH, which is expected to show a significant rebound trend.
Usual, Zen, Pnut, BTC, Move, Sol, ETH, Doge, Ena, Sui, Virtual, Apt, Mnt, Pepe, Uni, Ada, Vet, Pepe, BGB short-term has stabilized completely, at this moment just go all in, don't mess around, the next month will see a crazy surge, I will notify the brothers at the peak, wait for me to drop the cup as a signal!
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