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Midday Analysis:
In the past six months; calculating from the 1st to the 10th of each month, which month hasn't been a good opportunity to buy the dip for BTC?
Why has Bitcoin risen to the range of 102·103 this time?
Please see Image One.
The previous gap has not been filled, so returning here is referred to as filling the gap.
So will it rise further? To where?
See Image Two.
The upward channel is still ongoing, and this rise has directly returned to the position where it dropped from 1028 half a month ago! The current rise belongs to the continuation of the fourth wave. Whether it constitutes another wave to conclude depends on the strength of the support during the pullback. Currently, there are no signs of divergence, and the upward channel has not been broken, so we remain bullish for now!
As for where it might rise to, Image Two also indicates that the next level will be the range of 1025·105. If it corresponds to the previous level of 1045, that will be the stopping point, creating a head and shoulders pattern. Therefore, the entry price for short positions should be in this range! This is not a bearish stance; the main strategy is still to be bullish. The upward channel is clearly defined, so avoid going short casually, as it can be risky unless long positions are stuck above 105, in which case short positions can be used for hedging!
The rise in January has just begun, so hold onto your spot positions and wait for the price to rise.
Image Three: Ethereum, currently in an overbought state. It was strong a few days ago, but these past two days have actually been weak. After surging above 36, it has been in a lethargic state! The rise of Ethereum is temporarily facing difficulties. If a sudden surge occurs, we can only say this is a coin with a lot of hype. If it goes above 37, I will still short it! Still looking at 3520!
Midday Analysis:
In the past six months; calculating from the 1st to the 10th of each month, which month hasn't been a good opportunity to buy the dip for BTC?
Why has Bitcoin risen to the range of 102·103 this time?
Please see Image One.
The previous gap has not been filled, so returning here is referred to as filling the gap.
So will it rise further? To where?
See Image Two.
The upward channel is still ongoing, and this rise has directly returned to the position where it dropped from 1028 half a month ago! The current rise belongs to the continuation of the fourth wave. Whether it constitutes another wave to conclude depends on the strength of the support during the pullback. Currently, there are no signs of divergence, and the upward channel has not been broken, so we remain bullish for now!
As for where it might rise to, Image Two also indicates that the next level will be the range of 1025·105. If it corresponds to the previous level of 1045, that will be the stopping point, creating a head and shoulders pattern. Therefore, the entry price for short positions should be in this range! This is not a bearish stance; the main strategy is still to be bullish. The upward channel is clearly defined, so avoid going short casually, as it can be risky unless long positions are stuck above 105, in which case short positions can be used for hedging!
The rise in January has just begun, so hold onto your spot positions and wait for the price to rise.
Image Three: Ethereum, currently in an overbought state. It was strong a few days ago, but these past two days have actually been weak. After surging above 36, it has been in a lethargic state! The rise of Ethereum is temporarily facing difficulties. If a sudden surge occurs, we can only say this is a coin with a lot of hype. If it goes above 37, I will still short it! Still looking at 3520!
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
BTC
104,962.35
+2.04%
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