On January 3, 2024, the price of Bitcoin suddenly plunged by $40 million in just ten minutes. Such terrifying data is chilling, and many people were caught off guard by this blow from the "Dog Plunger." However, for those who follow Yisheng, they know that the entire network suggested shorting at the current price. As long as they are friends of Genshan, a drop of $40 million is nothing to worry about.

Here is the market analysis for Thursday evening:

From the current four-hour chart, the oscillation continues, but as night falls and enters the American time period, the market naturally will not sit still. The early market's speed limit long orders are still being held. Based on the current structure, the afternoon's decline after the bullish engulfing candle has not continued. In other words, the bearish volume column has gradually begun to shrink, and the KD three lines are gradually intersecting. After the golden cross rises, the future space is immeasurable. From the current point of view, the price is consolidating above 43,000, and the space above after the sharp drop is unlimited. It is reasonable to regain lost ground in the future after the dissipation of the news. Today, it is still bullish for the long term!

Trading Suggestions:

Long at 43,000-42,800

The target is to watch the 44,000-43,900 range for defense, and pay attention to breaking 42,400 to see 44,500 without breaking.

There is a saying in the coin circle: "If you can hold onto your family's wealth, you will be rich; if you can't hold onto it, you will be poor."

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