Yesterday, many retail investors were trembling, as if they were on the brink of life or death. BTC didn't drop much, yet some people were panic selling at this position. Yesterday, global finance was on holiday; there were those crying and those cursing. It seemed like not trading for a day was akin to losing a fortune. This kind of poison needs to be quit. However, for the vast majority, once they are infected, most will sink deeply into it, eventually succumbing to the poison. For new investors, if there is no one to guide them in this circle, they will hardly survive for half a year. The cryptocurrency circle, a land of gold, is also a battlefield of asuras, where one faces life and death.
In the past two days, the U.S. has also been unstable, with a terrorist attack occurring in New Orleans. Since Trump took office, not only has he increased tariffs, but his support for Israel may also intensify, and the fight against terrorism in the Middle East should be enhanced. The crackdown on illegal immigrants domestically is more resolute. Unlike the incident in Foshan of a certain country, where hundreds of bull and horse proxies were involved, there was no report at all.
Recently, the U.S. will announce non-farm payroll data on January 10 and the ICP index on January 15. These two announcements might not be very friendly, likely falling below expectations. A rate cut in February might be paused. Recently, don’t get too carried away; hold onto some bottomed coins and keep some funds aside for risk management. However, one thing is certain: the U.S. stock market will not face a systemic collapse, and it will continue to rise in 2025. The cryptocurrency bull market is also on, so be brave to enter the market in batches.
Currently, on the daily chart, BTC has raised its bottom for four consecutive days. It is expected to be in a rebound trend in the coming days, but it is not yet a reversal. The time for a unilateral upward trend is getting closer, and the opportunities for retail investors are decreasing. The upper pressure life line is around 96200-99500, and the lower support is around 92232-95000. Altcoins should not be easily shorted.
On the four-hour level, it is expected to continue rebounding upwards. If you want to short, consider doing so near 97300, with a stop-loss at 98000. The lower support is around 94200, 92723. Altcoins should primarily focus on low-long positions.
From the three-day line pattern, it is still slightly off, and it hasn’t fully corrected. The opportunity given to everyone might only be once. Recently, those who entered at the bottom should hold on. Take another look in March. For those who haven't entered, if there is another sharp drop soon, it's time to get in; there are not many opportunities left.
In this market, relying on others is always temporary; we must continuously learn to survive in this market and make money.