January 10th, Friday: Are Bulls Repairing, Is a Rebound Opportunity Here?

When the market is weak and everyone is bearish, today the bulls quietly begin their repair journey. This is not baseless speculation; the potential for a significant upward movement may indeed be just around the corner.

From a technical analysis perspective, in the hourly movement, after a price dip, there is a strong recovery with consecutive bullish candles, the bearish volume has significantly decreased, and the moving averages are turning upwards, indicating a clear continuation of the upward trend. With consecutive bullish movements in the short term, there is an urgent need to open up recovery channels. Coincidentally, it’s Friday, market sentiment fluctuates, and the oversold rebound is as expected; there remains room for short-term recovery. Although the overall trend is still bearish, pursuing short positions at this moment is certainly not a wise move.

In the afternoon trading strategy, it is recommended to go long in the range of 92800 - 93300, with targets set at 94800 and 96000. When the trend is unclear, do not blindly pursue short positions; seizing the current opportunity for bullish repair is the best strategy.

For insightful content in the crypto space, click on my homepage to follow me for deployment of potential bull market coins with a hundredfold potential, as well as daily spot strategies!