January 8th Market Analysis and Trading Strategy!

Recently, the market has been in a low mood after a round of shakeout. The speculators took advantage of Tesla news to lead a dramatic fluctuation of ten thousand points, with an impact far exceeding expectations.

Within 24 hours, 170,000 people across the network were liquidated, with the liquidation amount reaching 537 million USD. The price of Bitcoin rose from 92,000 to 102,000, then plummeted to around 96,100.

At present, regardless of how the market shakes out later, it is not advisable to chase shorts. If Bitcoin pulls back to around 96,000-96,300 in the morning, consider going long, with target prices of 98,500 - 99,000.