The United States is facing a change of power as old and new leaders transition, and the old Biden wants to exert his influence in the final moments. He is likely to paint over the non-farm payroll data again before leaving office, ensuring his presidential term concludes on a high note. Therefore, on the 10th, the non-farm payroll data will definitely meet or exceed expectations, or even better. It should still be positive news.
However, U.S. debt continues to rise, and this mess will still be handed over to Trump. The CPI index on the 15th is not expected to be ideal. The rebound in inflation will be something Trump has to deal with. The CPI index may not be good, and the 15th could be a negative signal, making a rate cut in February unlikely.
Nonetheless, the development of the AI index in technology remains strong, and the economy is still robust; only a strong economy matters, everything else is just paper profit. The Nasdaq will continue to rise after Trump takes office. As we expected, in the first quarter, the cryptocurrency market will continue to soar. Opportunities to make money are here.
Currently, from a daily chart perspective, three upper shadows with shrinking volume have not broken through 99500, indicating some potential for manipulation. However, if the 5-10 crosses above the 30-day moving average, a bullish pattern will form, and even if there is a pullback, the extent and depth of the pullback won’t be significant, with support around 96200-94500-9200.
On the four-hour chart, a double bottom has appeared, and one can short at the current price, with a stop loss around 98500. However, today is the weekend, so the pullback shouldn’t be deep, mainly showing consolidation.
The 3-day MACD has not formed a golden cross, and a one-sided upward trend has not yet arrived. Additionally, it has not broken through the strong upward area of 99500. Personally, I do not recommend chasing highs. Those who want to enter the market must wait for a pullback. However, this pullback should be the last opportunity to get on this bull market; one must be bold enough to enter in batches.
For spot cycle traders, hold onto the coins bought at low levels; consider selling at least in mid to late February. One must endure the fluctuations in the meantime. Avoid getting caught in short-term trades and flying away. For contract traders, life and death are critical; do not be too greedy. Greed is always our biggest obstacle in trading.