Important News on January 14:

1. CZ: Now is still the best time to take action
2. JPMorgan: SOL and XRP ETPs are expected to attract nearly $15 billion in net inflows
3. $800 million liquidated across the network in the past 24 hours, over 260,000 people liquidated
4. Trump's team is discussing a gradual increase in tariffs and may no longer consider crypto assets as liabilities
5. Market news: Tether announces headquarters will move to El Salvador

Conveying the way of trading, enjoying a wise life.

Bitcoin dipped to a low of $89,000 yesterday, quickly rebounding and reclaiming the support or resistance level of the horizontal trend line at $91,500. After breaking down yesterday, it still closed above the support line, which does not count as a breakdown, at most it can be called a piercing. Why did it stop falling at $89,000? Why did it spike down to this level?

The three-day chart's lifeline, which we refer to as the $89,000 position. The three-day chart's lifeline serves as a medium to long-term cycle, so it is not surprising why $89,000 has strong support.

Currently, Bitcoin's price has also shown a relatively rapid rebound. Looking at the daily chart, Bitcoin's closing yesterday was a doji, and the volume corresponding to this doji, compared to the volume from the continuous drop over four days from $102,700, was even greater, meaning yesterday's volume was significant. If we compare it to the volume from the day before, it is definitely a multiple, indicating that at this point, as a doji, the K-line pattern shows a significant divergence between bulls and bears.

During the downward process, there will be significant buying pressure, so after the rebound, can it continue to push upward? The first thing we look at is the lifeline, the daily chart's lifeline resistance, which can also be viewed as a platform level from the four-hour chart. In other words, Bitcoin has been falling for the past two days, and during the first and second rebounds, it faced effective resistance at the $95,800 level, indicating that this pressure level is very strong.

Therefore, if Bitcoin touches $95,800 again, it is highly likely to face resistance. So its first short-term resistance level is right in front at $95,800. Because below $95,800, we see $91,500 is also at this position.

Thus, Bitcoin's movement may consolidate within this range. During the consolidation process, when it touches $91,500 again, it can also be understood as a second bottom test. If the second bottom test can gain effective support and does not break a new low, it indicates that it may form a double bottom or multiple bottoms, leading to a good rebound.

So this time, can Bitcoin continue to explore new lows? We said, if it explores new lows again, then wait at $87,000 or $85,000 for it. This support level is also very strong, although from a long-term perspective, Bitcoin will eventually need to revisit the gap at $78,000, so the possibility of going to $78,000 in the short term is low. Therefore, we focus on two points: first, $91,500; second, the area of $85,000 - $89,000, which should be an important moment for us to build positions in batches.

So when rebounding upward, aside from the short-term pressure level, we also need to pay attention to this trend line, this position, until it effectively breaks through; otherwise, it will still be suppressed downward.

Now there are still more than ten days until our Spring Festival, so if Bitcoin still cannot reach our ideal position before the Spring Festival, it may not test again and could go straight up. For those with funds, my suggestion is to enter the market in batches.

So on the left side, what is left-side positioning? It means buying more as it falls, not buying step by step as it drops, but rather entering at key levels during the falling process. This means that during a one-sided decline, it must stabilize and start to oscillate before we consider left-side positioning.

Bitcoin at $91,500 can be understood as a left-side entry, but this platform is precarious, and we need to wait until it no longer falls again before we can start left-side positioning. Therefore, the overall position for left-side entry should not exceed 50%, and then we move to the right side. So everyone should grasp this rhythm; if you are stuck at a high position, then temporarily do not act. The one-hour level resistance is very clear, so short-term positions can take profits and exit.

On Binance, there was a whale alert yesterday for AIXBT, with a whale increasing its holdings by 2.05 million AIXBT, bringing its total holdings to 10.66 million, with a cost of $0.50.

We can see that AIXBT, as an emerging sector, combines AI and DeFi. Yesterday it dropped to a low of $0.3598, breaking below the opening price on Binance, and on other platforms, it may have opened even earlier, so at this point, it formed a double bottom on the one-hour level and then quickly rebounded to this position.

So this position pushed up, but it did not pull back, so I believe it may have a pullback to confirm the $0.40 position, which can follow the main force for positioning. If it breaks this level, then temporarily exit; at this moment, it is not advisable to chase.

Regarding the new track combining AI and DeFi, the future trend should become a mainstream trend, so in this field, there is a high possibility of tenfold or even hundredfold coins appearing.

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