Today is the first day of the lunar new year. There is a Federal Reserve meeting tonight that will announce the recent interest rate situation, so there may be significant fluctuations tonight. Brothers, pay attention! I won't be participating in the cryptocurrency gambling table during the New Year, as I don't have time to monitor the market. The real poker table is more fun.

The egg keeps saying not to take action these days, wait for a direction to emerge before placing orders. I wonder if any brothers caught this drop yesterday? The egg did not. These days, I've been busy preparing for the New Year, playing cards with friends at night, getting massages, and drinking. 🤣🤣🤣 Wishing my brothers a Happy New Year! During this time, I have been quite busy #BTC☀

From the liquidation map mentioned yesterday, the large liquidation area of 106000-107000 has basically been cleared. Below, the long positions are estimated to be at the 103000 liquidity level. Moving forward, it is still advisable to observe more. Currently, trading in between is relatively easy to get hurt, mainly due to high volatility and unstable fluctuations. Only when there is a real breakthrough upwards or downwards will it be time to follow the directional nodes.

Dogecoin's daily line forms an upward channel. It can be said that it has been consolidating and oscillating in the upward channel. Therefore, you can pay attention to the channel trend line in the future. According to today's price preview, it is about 0.33. If it is supported, you can play some contracts #DOGE

Bitcoin was deceived last night; the breakout of the large triangle was just a false breakout, and it faced resistance again at the previous high of 107000. One can imagine how significant the resistance at this price point is #BTC☀ .

It's not good to play with counterfeit now, it's at a major support level on the daily line, I don't dare to open it, I'll continue to observe for now #TROY

Originally, I thought that when Bitcoin reached a lower high, there was a prediction that the short-term bullish trend would change to a bearish trend. As a result, a lower high was produced, but a lower low was not. Therefore, the subsequent movement is more inclined to oscillate within the large triangle, waiting for a new direction before making a trade #BTC☀

From the liquidation map, it can be seen that there are currently a large number of liquidation zones around 106000, which correspond to the bearish points observed during this period, and also align with the Fibonacci level of 0.618. After that, just keep an eye on this position #BTC☀ .

The Chinese New Year is approaching, so don't keep watching the market. I will watch it if I have time. Be busy when you need to be busy. Don't always want to make orders every day, so as not to affect your mood for the Chinese New Year. Let's talk about everything after the Chinese New Year. I wish you all a happy New Year.

Just a little bit more, if the pancake short position had taken profit, I could have reversed to go long, but instead a false rumor came out and I ended up losing #BTC☀ to break even.

Ethereum has indeed had a decent rebound today, but from the perspective of the egg, it is still a consolidation, as this daily wedge has not yet broken through and is still oscillating within the wedge. It has been oscillating for 16 days now #ETH

1-24 Bitcoin Analysis:
Since this market trend began, Bitcoin has experienced significant fluctuations, continuously oscillating and clearing contracts. Originally, when the price was around 106800, I was looking to short at the 100K price level, but unfortunately, last night it rebounded directly to 106800, resulting in a breakeven loss for me.
From a larger time frame perspective, Bitcoin is currently still in a bullish trend, with an upward trend line on the four-hour chart. The biggest resistance above is the historical high at the price of 108000.
In the current period, I estimate that Bitcoin will continue to oscillate up and down within the upward trend line, likely until the end of the month. Actually, according to my expectations, I prefer to sweep away those bullish liquidity at 100K before making a strong rebound, as this would lighten the load for the bulls significantly.
From a shorter time frame perspective, Bitcoin has also formed a large triangular pattern. Last night, when I saw signs of a breakout below the triangle, I thought my short position was secure, and taking profit at 100K shouldn't be a problem. However, suddenly there was some fake news from the U.S. announcing Bitcoin as a strategic reserve, and then it rebounded instantly, triggering my breakeven loss. After that, it was confirmed that the news was false, and then it dropped again.

The map I drew earlier verified #BTC☀

It's very comfortable, those who keep up can enjoy this wave #BTC☀

The pancake tested the short-term support mentioned in today's analysis, but has not broken yet. The short positions are also waiting to see when to run away #BTC☀

1-22 Bitcoin Short-term Analysis:
From the perspective of the time cycle on the market, we can see that around 107,000 is a turning point, marked by a significant drop in volume. After the price dropped to 100,000 USD, buyers began to step in, and then it slowly started to rise. Therefore, from a structural standpoint, as long as the price of 99,500 is not broken, we cannot conclude that the bullish structure is destroyed.
But why did Dan mention yesterday that one could consider shorting Bitcoin around 106,000? From the candlestick chart, when the volume surged and the price dropped at 107,000, a significant resistance level was formed here in the short term. Without fundamental support for Bitcoin, it is difficult for it to break through on the first attempt. Thus, Dan believes this can serve as the first shorting point, which is a bearish perspective.
From a bullish perspective, there is currently a downward trend line that has not been broken, and the short-term trend is forming a channel. Therefore, the price of 104,000 is a short-term support point for bullish traders. Once it breaks down and cannot recover, one should choose to cut losses and wait for opportunities.

It can be said that 106000 is the last defensive area for bears. Fundamentally speaking, there is still no practical bullish news for BTC #BTC☀

Yesterday I made a short order on the right side of 106800, with a breakeven loss. I don't care about it #BTC☀

If we look at this market from the perspective of a box, it still hasn't broken through the middle axis of the box, so it's a little bit away from the bearish position of 106,000 in today's analysis, #BTC☀

Let me briefly talk about Ethereum. From the whole market, I believe many people see this head and shoulders bottom pattern, right? They all believe that it will explode. However, Ethereum currently has a bullish wedge pattern, but it has not broken through yet. If it does not break through, it will fall. If the wedge pattern falls again over time, it is possible to touch the upper edge support of the accumulation box below #ETH