Preface: Investment carries risks, and operations should be conducted with caution.
Article review takes time, and there may be delays in publication. The article is for reference only, and you are welcome to read!
Article writing time: January 14, 12:30 PM Beijing time
Market Information
- U.S. senators have proposed over 130 amendments to cryptocurrency legislation;
- CITIC Securities expects the Federal Reserve to pause interest rate cuts in January this year;
- The Chairman of the Russian State Duma claims that cryptocurrency may become a daily tool for Russian residents;
- Bitcoin reached a two-month high, driven by stable CPI and short covering;
- The digital yuan has become a strategic pivot for building a financial powerhouse;
- U.S. President Trump hopes the Federal Reserve Chairman will cut interest rates when economic data is good;
Market Review
After Bitcoin rebounded to around 94, it experienced a slight pullback, and then last night it broke through the 94 resistance and surged. As of now, the high point of the surge is at 96777, with Ethereum also rising in sync, currently reaching a high of 3398, both showing varying degrees of rebound;
Market Analysis
Bitcoin
When it previously reached a rebound near 94, I suggested that everyone could short in the short term. This short-term pullback low is at 89268, with at least 2-3000 points of profit. Last night, the rebound broke through the 94 resistance, and the future market will be vast; from the daily chart, after falling from a high of around 126000 to about 80,000, it has been oscillating at the bottom. The short-term pressure at 94 has not been effectively broken until last night, when it closed with a bullish candle and did not form another pin bar, which is considered an effective breakout. After breaking the 94 resistance, this level can serve as a support point. There are no signs of a top in the short term, so continue to go long in trading. The current price around 95400 can be directly positioned, and if it goes down to around 94, add to the position once. The suggested stop loss is 93000, with the target first looking at around 98000. After reaching that, pay attention to whether there are short signals around 98. If not, it will continue to rebound. This rebound should at least reach 100,000. Seize the opportunity to enter. The long position suggested around 85500 should continue to be held; for short-term trading, control risks and manage profits and losses independently;
Ethereum
Ethereum also produced a large bullish candle, and its current trend is in a strong bullish phase. Do not short in trading; there is a high chance that Ethereum will touch the 200-day moving average, which is around 3600. In trading, just go long; the current price around 3340 can be pursued directly, with an additional position at 3240. The stop loss is 3180, and the target is 3550-3600. The long position suggested around 2750 should continue to be held, with a target starting with 4. Manage profits independently; for short-term trading, control risks and manage profits and losses independently;
In summary:
Both Bitcoin and Ethereum are strong in the short term, so go with the trend;
The article is time-sensitive, be aware of risks, and the above is only personal advice for reference!
Follow the WeChat public account "Crypto Lao Zhao" to discuss the market together;
In the cryptocurrency world, some people's demands can only be met by scammers. Everything cheap must be taken advantage of by oneself, and only scammers can satisfy these.
Trading is not always smooth; not every transaction goes as planned. That is just noise in the pursuit of profit. Compared to seeking technical breakthroughs, I pay more attention to psychological development. Most people do not fail against themselves but against the self that confines them in a room. Even if life or trading is unsatisfactory, believe that there is light in the world and love among people. Even a small piece of happiness in life should be embraced with a smile. Only by overcoming oneself can the future market bring unexpected surprises! Keep going, people in the cryptocurrency world.
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