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Weekend Bitcoin Fluctuation Adjustment on 1/4, Can It Break the 100,000 Barrier Next Week?
Today is the weekend. I stayed up too late during yesterday's live stream, so I got up quite late today. I checked the trends, and I mentioned in yesterday's stream that 99,000 is a resistance level, but I chose not to short it. Of course, some friends in the stream did, and it dropped to around 97,700 at its lowest, providing a profit margin of about 1,000 points.
First, pay attention to the low point of the early session after the high surge in the early morning, which is around 97,700. During the day, we also need to monitor the support situation here for a bullish outlook. As we all know, the weekend market fluctuations are not that significant, and without news stimuli, it is generally a consolidation market. Therefore, there is no need for a big picture on the weekend; if we have profits, we can exit, right? The weekdays from Monday to Friday are quite tiring, so let’s not put pressure on ourselves during the weekend. Let’s take a good rest, trade when there’s a market, and play when there isn’t.
Secondly, regardless of whether it is Bitcoin, Ethereum, or Dogecoin, the profits were quite good yesterday. If you have followed the analysis, I believe you should have taken your share of profits, especially for Ethereum and Dogecoin. The increase yesterday was quite impressive and indeed exceeded my expected range.
Ethereum rose over 200 points in a single direction yesterday, peaking at 3,630 and then pulled back. I also mentioned the resistance at 3,630, where shorting had profit potential, but the upward momentum was still quite strong.
As for Dogecoin, there’s no need to say much. Yesterday, after my analysis, it rebounded from 0.33552 and started to rise directly, reaching a maximum of 0.39500. This price movement is quite significant, and I wonder how much of it you managed to catch.
For the weekend, I’ll first provide the analysis levels. For Bitcoin, it’s still the old rule to look bullish based on 97,700, but the increase shouldn’t be too large. We should still pay attention to the resistance at around 99,000, and if it breaks through, we’ll look at the 99,500 level. Focus on buying the dips.
For Ethereum, look to go bullish around the 3,575-80 level. If it breaks this support, then consider setting up around 3,540-50, with a stop at 3,520. Aggressive friends can choose a smaller position for the initial entry and then add more later, targeting 3,650.
For Dogecoin, the increase has been a bit large, so I won’t provide an analysis for now; let’s wait for a pullback.
During the day, observe more and act less; don’t open positions until the target levels are reached. We will see you in our live stream at 9 PM tonight. I am Hong Ding, an old retail investor. Thank you all for your attention and support!! $BTC
Today is the weekend. I stayed up too late during yesterday's live stream, so I got up quite late today. I checked the trends, and I mentioned in yesterday's stream that 99,000 is a resistance level, but I chose not to short it. Of course, some friends in the stream did, and it dropped to around 97,700 at its lowest, providing a profit margin of about 1,000 points.
First, pay attention to the low point of the early session after the high surge in the early morning, which is around 97,700. During the day, we also need to monitor the support situation here for a bullish outlook. As we all know, the weekend market fluctuations are not that significant, and without news stimuli, it is generally a consolidation market. Therefore, there is no need for a big picture on the weekend; if we have profits, we can exit, right? The weekdays from Monday to Friday are quite tiring, so let’s not put pressure on ourselves during the weekend. Let’s take a good rest, trade when there’s a market, and play when there isn’t.
Secondly, regardless of whether it is Bitcoin, Ethereum, or Dogecoin, the profits were quite good yesterday. If you have followed the analysis, I believe you should have taken your share of profits, especially for Ethereum and Dogecoin. The increase yesterday was quite impressive and indeed exceeded my expected range.
Ethereum rose over 200 points in a single direction yesterday, peaking at 3,630 and then pulled back. I also mentioned the resistance at 3,630, where shorting had profit potential, but the upward momentum was still quite strong.
As for Dogecoin, there’s no need to say much. Yesterday, after my analysis, it rebounded from 0.33552 and started to rise directly, reaching a maximum of 0.39500. This price movement is quite significant, and I wonder how much of it you managed to catch.
For the weekend, I’ll first provide the analysis levels. For Bitcoin, it’s still the old rule to look bullish based on 97,700, but the increase shouldn’t be too large. We should still pay attention to the resistance at around 99,000, and if it breaks through, we’ll look at the 99,500 level. Focus on buying the dips.
For Ethereum, look to go bullish around the 3,575-80 level. If it breaks this support, then consider setting up around 3,540-50, with a stop at 3,520. Aggressive friends can choose a smaller position for the initial entry and then add more later, targeting 3,650.
For Dogecoin, the increase has been a bit large, so I won’t provide an analysis for now; let’s wait for a pullback.
During the day, observe more and act less; don’t open positions until the target levels are reached. We will see you in our live stream at 9 PM tonight. I am Hong Ding, an old retail investor. Thank you all for your attention and support!! $BTC
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
BTC
105,573.89
+1.49%
ETH
3,309.58
-0.13%
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