Hello everyone, I am Brother Z. Today is February 9, 2024 and it is also New Year’s Eve. First of all, I wish you all a happy new year, good health and abundant wealth in the new year! ! ! The currency market has been very strong in the past two days. The market has adjusted from around 43,000 in about 10 days and has surged 8 points to around 46,500, which can be considered a good start for everyone.

Market review: On January 23, the lowest price of the market was around 38,500. After the last round of smooth decline, the market was wailing. Many people were affected by the news of grayscale selling and became overly bearish. I am a right-side trader. I never make subjective predictions about market trends. I follow the market wherever it goes and strive to follow the trend.

First of all, when we analyze the market, we should analyze the current background. We are still in a bull market. Once the trend is formed, it is difficult to reverse. So I don’t think the bull market will end in the short term. From the perspective of technical analysis, we analyze from large to small levels one by one. Always remember: when doing transactions, analyze from top to bottom, and the large level dominates the small level.

Weekly: After the ETF was passed, the market faced news manipulation and fell from 49,000 to 38,500, clearing the long fuel affected by the news. Then the market plunged downward and closed above, completely clearing the liquidity at the weekly level and filling the weekly FVG to gain sufficient momentum. The market is expected to break through 49,000.

Daily line: After the weekly line cleared all the liquidity, the daily line level broke through 41900, confirming the end of the daily level callback, and at the same time, the 4-hour level trend reversed, indicating that a new round of rise is about to begin. 4 hours: After the 4h level trend turned to rise, the group members were reminded in the group that it might rise quickly to 45500, and then go long after encountering resistance near 45500 and a callback, but the market did not rush up, but accumulated energy near 43000 and directly broke through the resistance.

15 minutes: The 15-minute performance was very strong and has been in an upward trend. This also confirms that there has been no pullback at the 4h level and it has been in an upward momentum. At that time, it was said in the group that if it fell below 41650, it could choose to short short, but the bulls were very strong and continued to consolidate between 41650 and 43700. After consolidating for two days, it broke through 43700. The 15-minute continued to rise and broke through the key resistance area.

Operation suggestions:

Mainly composed of long orders, the upward energy dominated by the weekly level is very strong. I think there is a high probability of breaking through 49,000. This has always been my view. My partners who arranged spot with me during the previous correction continued to hold MDT and JTO spots. I will not be bearish unless the market falls below 42,800.

Notice:

I wanted to give you the long and short positions, but I think this is very irresponsible. When we trade, we should do what is happening at the moment and follow the current trend. We look at the direction at the big level and take action only after the signal is confirmed at the small level. Now the market is in an upward trend and there is no signal. If we go long, there will be no callback for the time being. If we go short, predicting the future based on the resistance in the past is like looking for a sword in a boat. If the market gives a signal later, I will post it in the group. Please pay more attention. #热门话题 #pyth $SOL #DYM