January 10th Market Viewpoint: After this wave of decline, there will be more opportunities, be prepared.
Next, there may be a rebound; even if a rebound occurs, remind ordinary traders not to gamble on this uptrend too much, as the current trend is still downward. Be patient and wait for the decline and consolidation to end before positioning for long positions.
In intraday trading, both long and short positions have opportunities. If you can accurately grasp the intraday highs and lows, you can operate as you wish. If you cannot grasp it, you can wait until the large decline ends and the trend shows stabilization before positioning for long positions. This can also yield significant profits, and the profit potential is relatively considerable.
The recent decline of Bitcoin and Ethereum started from the pressure levels on the monthly chart. Monthly level corrections are generally quite large. If the strength is slightly stronger, BTC could very likely reach 86,000, and ETH could see 2,920.
Reminder: The two positions mentioned above are analysis positions and should not be directly used for positioning. Adults should take responsibility for their choices and not act like a rogue if things go wrong later.