A new week has begun. From the candlestick chart, Bitcoin is still oscillating at a high level with reduced volume. It seems that the probability of choosing a direction this week is still low. Although there are expectations for FTX compensation and Trump taking office on the 20th, the enthusiasm of off-market funds has clearly decreased around 100,000, and on-market funds have also been mostly digested, temporarily in a weak equilibrium state. Therefore, this week we can expect oscillation between 94,000 and 104,000. Just do some swing trading by selling high and buying low.
After the U.S. stock market opens tonight, volatility will significantly increase. This weekend has been too boring. For altcoins, the profit-making effect is quite poor, and trading strategies should be cautious, avoiding chasing highs to go long as much as possible.
Ethereum is still lukewarm, and the exchange rate is slowly warming up. Just hang in there; a rebound will come eventually, it's just a matter of time.
