Wow, over 200,000 people were liquidated, what a spectacular scene; BTC directly dropped to the 90-day moving average, around 89000. What happened?
Two reasons: one is that the US stock market is not performing well, dragging us down together;
The second reason is that the K-line chart is not stable.
But yesterday, the drop was suddenly corrected, what does this indicate? Market enthusiasm is still there, and everyone is hoping for good news after the king understands his position this month, to enrich our wallets.
So how will $BTC perform in the next few days? I think it will probably fluctuate between 92000 and 98000. So for friends who have some positions, stay calm and hold on to your coins, but don't get too eager to chase high prices; if your position is light, continue dollar-cost averaging and pick up some bargains when prices are low.
Let’s talk about $BNB again; I estimate it will hover between 680 and 710. When BTC is strong, BNB might be slightly weaker, but if you're locking in for mining, then this level of volatility is not a big deal.
And then there's $ETH, which is probably bouncing around 3100 to 3400. The rebound momentum is not as strong as BTC, and institutions are still reducing their holdings, so for friends holding ETH, it's time to consider swapping for BTC.
Redeemed and transferred SOL again, with a total transfer exceeding 4.44 million coins. Let's talk about today's daily BTC technical analysis. From the K-line perspective, the 1-hour level is bullish, the 4-hour level is bullish, the 12-hour level is bullish, the daily level is bullish, with an intraday resistance at 99500 and a support at 94200 dollars.
Bottom-fishing strategy and target selection
Maintain positions for a second dip
The current advice is: first, more funds from altcoins can be transferred to Bitcoin; second, keep a certain position to prepare for bottom-fishing during a second dip. If tonight's CPI data is poor, leading to a market pullback, the following positions can serve as references for bottom-fishing.
Bottom-fishing position and batch strategy
First line: 96,000 dollars This is the first bottom-fishing position; it is recommended to enter in batches.
Second line: 92,000 dollars to 94,000 dollars This line may become a key bottom-fishing position, worth paying attention to.
Third line: 89,000 dollars to 87,000 dollars If it pulls back to this range, it will be the best bottom-fishing opportunity in the near future. However, this position may not appear, so we still recommend placing orders in batches.
Target selection during the rebound
For targets for bottom-fishing during the rebound, the following currencies are worth watching:
XRP has successfully surpassed its previous high in this rebound, showing strong market performance. Recently, there are many positive factors for XRP, especially after Trump takes office, the SEC may ease its pressure on Ripple.
AIXBT These two currencies performed well in previous recommendations. Taking AIXBT as an example, we mentioned in a past video that the current increase has reached 89%. If you followed our videos, you have seized this opportunity.
Dogecoin Dogecoin's performance is also very noteworthy. Musk is about to become a businessman for the country, which is undoubtedly a positive factor for Dogecoin. The current rebound has reached 16.7%, and when it pulls back to around 0.34, it will be a good opportunity to increase positions.
AI16Z I am optimistic about the AI field in the long run, especially since the current price range is relatively low, making it worth investing more.
Summary
Tonight's CPI data changes will determine the market's mid-term trend. If the CPI data performs well, the market may welcome a strong rebound, even breaking through the downward trend line. During this process, we advise everyone to adjust their positions in a timely manner based on the current market conditions and be prepared for potential good news.
Be prepared with sufficient funds for bottom-fishing during the second dip. Follow our videos, seize the current opportunities, and do not miss any potential profits.
