1.9 Thursday Market Analysis
Currently, from a daily chart perspective, the price comparison does not yet show a clear signal of a bottoming out. Overall, it is highly likely that it will continue to break new lows. Many people have come to ask whether it will break 90,000. To be honest, I am not very sure right now. I usually take one step at a time, planning before acting, knowing when to stop to gain, making appropriate choices, and managing according to what I have. Regardless of whether it started to retract from 102,700, I have been saying that if it breaks 100,000 in subsequent retracements, it will continue to decline. From the very beginning of 96,000 to now 92,500, I have been able to capitalize on these moves. Looking again at the 4-hour chart, the KDJ has formed a golden cross, but the daily chart has formed a dead cross. Therefore, this retracement has not yet fully played out. The current market is also in a downward trend structure, so subsequently, we need to see a wave of downward structure on the 4-hour chart before the bulls can exert their strength. The hourly chart is similar; this wave of decline needs to be completed before we can expect some relief. Regardless of whether you are going long or short, manage your risks well. At the current levels, maintain the morning strategy without change, plan before acting, know when to stop to gain, make appropriate choices, and manage according to what you have. $BTC $ETH #BTC走势分析 #BTC🔥🔥🔥🔥🔥
