Bitcoin has once again reached over 10w+, but it is still in a wide range of fluctuations. Whether it can break through or not remains to be seen. Bitcoin closed with a long-term "umbrella star" yesterday, appearing at a pressure position, which reflects a certain downward trend. Bitcoin first experienced a rapid decline, falling to the $97,500-99,600 range we have always mentioned, and tested the position near $97,300, and rebounded rapidly, so the next time it pulls back to this position, you can take another swing.
Bitcoin's recent positive column engulfed the previous decline, which means that the support below is still strong. The market still has high expectations for the easing expectations after Trump took office, so Bitcoin may still show an upward trend in the short term. Even if it is a false breakthrough, the upward range is 5,000 points.
The current pressure area of Bitcoin is very delicate, and there are two possible market trends: (1) Direct breakthrough: With the rise of market enthusiasm, Bitcoin may break through $103,000 and continue to rise. Especially before Trump takes office on January 20, if this line is broken, it may drive Bitcoin to a new high, and the trend of further rise will become very clear. It is not too late to enter the market at this time. After all, there is less than 10% space, but it is the most stable. (2) False breakthrough followed by correction: Bitcoin first breaks through and then encounters resistance, and then falls back below the suppression level. If this happens, there may be a deep correction. Especially when Trump takes office on January 20, market expectations may cause Bitcoin to briefly break through $103,000, but then it may fall. In addition to the positive news of Trump's coming to power this month, there is also the negative news of the Bank of Japan's interest rate hike. The market expects the Bank of Japan to raise interest rates on January 24 (the market currently expects the probability of a rate hike to be 90%). When the Bank of Japan raises interest rates, it is estimated that the market will give a relatively friendly bottom range, which may return to around 90,000 US dollars again. This is a good opportunity for us to get on board, so no matter when, the position must have a certain amount of cash. In addition to Bitcoin, we also need to pay attention to several other currencies: XRPXRP has broken the historical high. For currencies that break the historical high, we are very experienced in operating them, as shown in the figure! There will still be a wave of xrp in the future. The founder of xrp invited Trump to have tea. The next focus is still around the 20th.
As XRP hits a record high, the current market pulse must be around the old coins before 2018. For example, LTC performed even better than XRP yesterday, and a pullback is a good opportunity to intervene. At present, Litecoin has risen for a while. If there is a pullback, especially back to the range of around $125, it is likely to rise quickly to $150.
DOGE Musk’s DOGE department will start new operations on January 20, which brings great expectations for Dogecoin. Even if the market falls back, Dogecoin may rise independently. If it falls back to around $3.75, you can consider intervening, and breaking through the bottleneck of $4 may bring a 6% profit. If Dogecoin breaks out of the independent market and breaks through the historical high, the increase may be as high as 20%.
AI AGENTAI AGENT is completely out of business today. The differentiation is actually quite serious. The front row that had previously risen sharply has fallen less, such as AIXBT, GRIFFAIN, VIRTUAL, while the back row has risen less and fallen more. If you want to arbitrage, you can go long in the front row and short in the back row, and take the difference between the leader and the junk. Overall, if you hold the strong coins, you can still wait and see. After all, the overall level is at a historical high, and the locked-in volume is not large. If there is subsequent funds to continue to follow, it is very likely that there will be another wave. They are all above the 7-day line. If the daily line closes below MA7, stop loss will be good.
