Analysis $BTC on January 7:
- Timeframe D1: currently in a strong upward trend after breaking out of the sw range of 96-98k. I think BTC will soon test the resistance area of 98-96k again. If today's daily candle closes red, BTC may have a correction in 2-3 days.
- Timeframe D4: BTC is showing strong signs of rising to break out of the downtrend on the D4 timeframe. However, with the current high index levels, I think BTC will continue to adjust down, which seems more reasonable. However, on the D4 timeframe, there are still no signs of a downward reversal, so we need to monitor further.
- Timeframe W: the upward trend of BTC is very clear. I firmly believe that in the next 2-3 weekly candles until BTC pumps strongly, there will be no weekly candle that closes red.
- Timeframe M: with BTC not testing down to 88-90, I am confident that this month's candle peak will exceed 108k
=> Analysis:
- On Sunday night, I clearly stated it would be a decisive time for BTC's direction in the next 2-3 weeks. Currently, even if it does not meet the expectation that BTC will retrace to 88-90, I already have a plan for how BTC will move next and I am confident in its accuracy.
- The smaller timeframes of 4-8H are showing signs of a peak, and BTC may have a slight correction to the 9x area. However, in my opinion, this could be the last correction as BTC will continue to rise in the long term to create a very high ATH.
- The 8x area should temporarily be abandoned by everyone. If it comes back down, I believe it will take another 3-4 years when BTC enters a prolonged downtrend.
- Therefore, the current accumulation area will fall within 96-98k. Around that area, everyone should enter small Long positions. DCA if the price goes lower.
- During Tet, I will be busy so I won't be able to interact with everyone regularly. Please make sure to enter t.e l.e, everyone.
Wishing everyone good luck!!!!
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