Preface: Investment involves risks, please proceed with caution.
Article review takes time, and there may be delays in publication. The article is for reference only. Thank you for reading!
Time of writing: 17:06, January 13th, Beijing time
Market Information
- Coinbase Chief Policy Officer: Bitcoin ETF is an important step in clarifying industry regulation, which will bring tens of billions or even more funds into the market;
- JPMorgan: It is expected that the Fed will slow down its balance sheet reduction in April and exit in November;
- SEC Chairman: There is no evidence that hackers have accessed the SEC's systems and data;
- Better Markets CEO: SEC's approval of spot Bitcoin ETF is a historic mistake;
- BlackRock CEO: Bitcoin is like digital gold, a huge long-term store of value;
- JPMorgan: The possibility of spot Ethereum ETF approval in May is not expected to exceed 50%;
Market Review
Bitcoin fell as expected, breaking through the 44300 level and reaching a low of 41345, lower than my expected 42850. Congratulations to those who followed the short position and made a small profit yesterday. Ethereum's trend is a bit different, also experiencing a decline, but it independently rebounded at the low point, with the highest rebound point at 2718, followed by a long upper shadow, providing an opportunity for short positions. Due to the inability to update the article in a timely manner, I can only say that the direction is correct. Bitcoin's decline has initiated a large-scale retracement, and Ethereum's decline has also disrupted the rhythm of its short-term continuous rise. In future trading, the market will begin a large-scale retracement, so seize the opportunity.
Market Analysis
BTC:
Looking at the 4-hour chart, Bitcoin's decline reached the support level of 40333 to 49027 from the previous rally, and stopped falling after forming a lower shadow. A daily candle has already formed a bullish trend, and the fact that it formed a lower shadow near the 42100 support indicates that this support is effective. There is a greater chance of a weekend rebound for Bitcoin. This rebound is expected to reach the 46050-47350 range, and after reaching this range, the market will start to decline again. As long as the market touches this range and forms a long upper shadow, it is possible to enter short positions to capture a deeper decline. The overall trend is downward, but the opportunity for one-way trading is not significant. Short-term trading can be considered for long positions, with support at 42100. If the short position is not tested again, there should be no problem. Manage your entry opportunities independently, and exit when there is profit. Short-term trading, manage your risks, and take care of your profits and losses.
ETH:
Looking at the 4-hour chart, Ethereum's decline is slightly less intense compared to Bitcoin, not experiencing a significant decline, just breaking the previous uptrend. Bitcoin is expected to rebound in the short term, and Ethereum should not follow Bitcoin in the opposite direction. There should also be room for a short-term rebound for Ethereum, depending on the strength of its rally. If Bitcoin continues to rebound, and Ethereum only experiences a small rebound, the pressure on Ethereum in the short term will be around 2665. If Bitcoin reaches the 46050-47350 range and Ethereum only reaches around 2665, entering a short position will be the next step, leading to a significant decline. If the bullish momentum of Ethereum is strong and it breaks through 2718, then consider going short around 3000. There should be no major issues with long positions in the short term. Pay attention to the pressure at the high point and the breakthrough of the high point, and manage your entry opportunities independently. Short-term trading, manage your risks, and take care of your profits and losses.
In summary:
There is a greater chance of a weekend rebound after the short-term decline reaches support.
The article is time-sensitive, pay attention to the risks, and the above is only personal advice, for reference only!
Follow the public account "加密老赵" to explore the market together.
"Exert as much effort as anyone else," having a selfless mindset is a philosophy of life and also the attitude of Kazuo Inamori. What is correct as a person? Growth is the most direct way to break through cognitive boundaries, to overturn and reshape existing knowledge. Just as Lei Jun said, diligence and effort are prerequisites, but more important than this is "to act in accordance with the trend."
The gears of fate are always turning. No one does not want to become wealthy, but no one is willing to become wealthy slowly. The simplest way to happiness is to lower expectations of life and make oneself a little smarter every day. A master has two great abilities: the ability to reflect and instinctive ability. Low-level desires rely on indulgence, while high-level desires rely on self-discipline.
免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。
