Yesterday, the cryptocurrency market was tormented all day. Continuously buying at the bottom while prices kept falling. Most people were left spitting out old blood. Many were pessimistic and disappointed, rushing to tell each other that the bull market is over, the bear market has arrived, and the cryptocurrency market is finished. The more this happens, the more you should do, go all in, because going all in until death, but in the cryptocurrency market, life and death, existence and extinction, one must be reborn from death. If you dare to enter the market, then you have already bought at the bottom of this wave of the bull market.
Recently, Trump is about to take office, with frequent policy news. Tariffs are being imposed, this is an undeniable fact. Currently, he continues to expand American interests, reaching out towards Greenland and the Panama Canal. There is an implication of deploying troops. Trump acts with intention and follows through, unexpectedly, so after taking office, many political games will emerge, and the stock market should experience significant ups and downs, and the cryptocurrency market will likewise be inevitable.
Currently, the yield on U.S. Treasury bonds has reached around 4.65, with a lot of funds flowing into U.S. bonds. Moreover, the debt ceiling, this is something that must be resolved after Trump takes office. Because of this matter, recently both the U.S. stock market and the cryptocurrency market have been adjusting.
From the daily chart perspective, there was a violent drop yesterday, the candlestick pattern shows that there was capital buying at the bottom near 92500, as long as today's low point is not broken, then the daily level will stabilize. The previously anticipated 88000 may be difficult to achieve. Currently, the support is around 92500-90500. The resistance is near 96500.
On the hourly chart, there has been continuous oscillation. After a significant drop in volume to around 96000, it started to decrease in volume while dropping. However, based on the candlestick pattern, there will not be another significant drop. The support is at 93000-92500, and the short-term resistance is near 95400. Short selling is not recommended. You can buy low.
From the 3-day line, it can be seen that the pullback oscillation is about to be completed, with the MACD close to the zero axis. Personally, I predict that around next Thursday, the cryptocurrency price will begin to slowly rise, slowly starting a new round of unilateral upward trend. It is still recommended that everyone buy in batches at low points. This is the last chance to enter the market at this stage.
In recent days, there have indeed been frequent data releases: non-farm payrolls, employment rate, CPI, Trump taking office, all interwoven. However, according to the behavior of politicians, painting achievements, old Biden's last time, non-farm should be normal, positive, CPI is definitely not good, negative, leaving trouble for the next person, slapping the butt and walking away. Recently, entering the market in batches, being stuck is only temporary; if you lie flat until February, you will win a rise of 50-200 points. $BTC #加密市场回调