$BTC 10 Year Coin Circle People Tell You How to Operate Bitcoin Currently
1. The current BTC market is in an adjustment phase. Despite significant fluctuations in the short term, the overall trend still looks like an adjustment. Many analysts believe that the daily level adjustment is about to be completed, and the next focus should be on the weekly pullback. The overall trend still looks like adjustment, and during the process of market repair, suitable ranges can be sought for operation. However, there are also some optimistic views that the long-term trend of BTC remains upward, especially during the period from January to April, a significant upward trend may occur.
2. From a technical perspective, BTC is currently facing important support and resistance levels. The daily MACD indicator shows certain signs of adjustment, but if it can stabilize above the EMA 99 moving average, the extreme pullback position is around 88700. The 4-hour pullback is already in progress, and today's rebound needs to pay attention to the 104768 position. Only by standing firmly above this position can the hourly level start to rebound. The resistance levels above are 105616, 106475, and 107457. If it cannot stand above 104768 today, it indicates that the rebound lacks strength and will continue to pull back, with support levels below being 103290, 102670, and 102100.
3. In terms of external factors, the Federal Reserve's policy has significantly impacted the BTC market. On December 19, the Federal Reserve announced a 25 basis point rate cut and stated that there may only be 2-4 rate cuts in 2025, which caused the market to fall in response. However, many analysts believe this is just a short-term trigger, and in the long run, BTC still has certain upward potential. Especially after Trump's inauguration on January 20, some of his favorable policies for cryptocurrency may drive BTC prices up.
4. For investors, the current market needs to be treated with caution. In the short term, a strategy mainly focused on short positions can be adopted, but near key support levels, appropriate long positions can be entered. Spot investors are advised to hold half of their positions and wait for better buying opportunities. Contract investors need to closely monitor market dynamics, especially the significant fluctuations that evening meetings and holidays may bring. Additionally, managing positions well and setting take-profit and stop-loss levels is very important.