Crypto Circle War God: Bitcoin rebounds as expected, can 94 continue to defend?

CN
2 days ago

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 5, 15:31 Beijing time

Market Information

  1. Trump may nominate a candidate for the Federal Reserve Chairman this month, with Hassett and Walsh having equal probabilities;
  2. Musk and Trump took a photo together at Mar-a-Lago, claiming 2026 will be spectacular;
  3. Federal Reserve voting member Anna Paulsen stated that there may be a rate cut later this year;
  4. Over $117 million in cryptocurrency positions were liquidated within an hour;
  5. Trump threatens to raise tariffs on India and demands a halt to oil purchases from Russia;

Market Review

Bitcoin experienced a rally during the day, with the highest point currently at 93,395, close to 94,000. Ethereum also saw a rally with a high point of 3,222, and the market is still at a high level;

Market Analysis

Bitcoin

Yesterday, we mentioned the strong bullish sentiment for Bitcoin, preferring to chase the rise rather than shorting. In the early session, some shorts were liquidated during the rally. Our long position was entered around 91,300, targeting 93,000-94,000, which was basically reached, yielding a profit of about 2,000 points. Currently, Bitcoin remains at a high level. On the daily chart, 94,000 is the pressure point where the bulls began to counterattack after the previous decline. The failure to break through has kept the market in a sideways range below. As we approach the 94,000 pressure area again, after touching around 94, there should be another pullback before attempting to break higher. In trading, we can pay attention to the closing situation near 94,000. If a shooting star forms and closes bearish around 94,000 on the 4-hour chart, we can consider shorting. If the daily candle breaks above 94,000, we can chase the rise towards 98,000. Specific strategies should be based on the breakout situation around 94,000, without predicting exact levels, but rather observing and seizing entry opportunities; for short-term trading, control risks and manage profits and losses independently;

Ethereum

Yesterday, the entry point for chasing Ethereum was around 3,145. As mentioned before, Ethereum can be exited in sync with Bitcoin. The highest point for Ethereum's rally was around 3,222, yielding about 70 points in profit for those who exited in sync. For those who did not exit, there is currently a small profit to cover costs, and it is advisable to exit first. In the future, pay attention to Bitcoin's breakout situation at 94,000 for further positioning. On the daily chart, there is some pressure around 3,170 for Ethereum, and the daily candle also closed with a long upper shadow, indicating a chance of a pullback in the short term. Watch for whether Ethereum can close bearish on the daily chart; if it closes with a bearish candle, we can consider shorting. Conversely, do not short and wait for opportunities to go long based on the trend; for short-term trading, control risks and manage profits and losses independently;

In summary:

For Bitcoin and Ethereum, short-term attention should be paid to the breakout situation of the upper pressure before making positioning;

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 by oneself, and only scammers can satisfy these.

In trading, not every market wave goes smoothly, and not every trade is satisfactory. 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 it up, people in the cryptocurrency world.

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