2025.1.1 10:20PM
Previous Review
Yesterday, Bitcoin and Ethereum both hit stop-losses, with Bitcoin stopping out at 663 points and Ethereum at 19 points. The short position's small stop-loss failed to yield significant profits; this was a failure in assessing the resistance level. Bitcoin continuously increased volume and broke through to around 96250 before retreating to around 93145, while Ethereum peaked around 3452. I believe this is a signal that the market has strengthened after once testing the bottom, possibly indicating a resurgence in market sentiment. This suggests that perceptions will adjust again, and not seeing a second bottom after the initial test indicates that the market is not as weak as perceived. The underlying strength can always catch up in time, so we should maintain a buy on dips.
BTC Intraday 4-Hour Market Assessment
From Bitcoin's 4-hour chart, we can see that after a spike, there is a reduction in volume, which indicates smart money in the market. The bulls did not continue to push prices higher but instead provided a small pullback in a range-bound market, gradually raising the lows. The SKDJ indicates it is near a midline of 50. If the volume continues to decrease and a small pullback forms a golden cross, it suggests that funds are re-entering the market, leading to increased volume. Combined with Fibonacci extension, strong support is seen around 92000, which serves as our preliminary entry point, though we still need to wait for signals from other dimensions.
ETH Intraday 4-Hour Market Assessment
From Ethereum's retreat after yesterday's peak, it is evident that Ethereum is weaker than Bitcoin. However, Ethereum is currently in a range-bound movement between 3450-3300. Perhaps we can consider this as a bottoming formation for subsequent market advances. Ethereum's volume is relatively weak; whether it rallies or pulls back, there has not been significant volume, indicating that the market's main capital is not in Ethereum, likely having been redirected to Bitcoin. Combining with Fibonacci extension, we can see support at 3330. When the market touches this level, it will respond quickly to recover, which also serves as our preliminary entry point, but we need to wait for signals from other dimensions.
Intraday Strategy
Direction: Up
BTC
B: 92000
T: 94451-96264
S: 90978
ETH
B: 3330
T: 3370-3450
S: 3262