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On January 18, Bitcoin surged and then fell back for adjustment, showing signs of further decline in price. In the short term, a pullback is expected.

CN
沐长青翻仓大师
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1 month ago
AI summarizes in 5 seconds.

Happy weekend. You don't need to be exceptional to make a lot of money in the crypto space; you just need to be right most of the time and rely on those who understand the market better than you.

This week, the 8,000-point rise is evident. Whether you have profited or not, those who have should continue to push forward, while those who haven't should quietly wait for the trend to follow next week's daily level price surge, which may lead to four consecutive bearish candles. The MACD is starting to contract, and a death cross may form above the fast and slow lines. For now, we still need to wait and see how the indicators develop. In any case, based on the above, there are signals for the price to continue retracing, and during the day, the main strategy is to short on rebounds.

It is recommended to short in batches in the 95,500-95,800 range, targeting the 94,000 level. If it breaks, watch for the 92,300 level. These points are for reference only.

Follow the public account, "What can relieve worries? Only Jiang Wei," a treasure analysis blogger with high emotional value, offering free trading education. He brings stability and clear guidance in the restless trading market, with experience spanning three bull and bear cycles and years of practical trading. He specializes in naked K, trends, Dow Theory, Gann, harmonics, Chande, Elliott Wave Theory, and other technical analyses, culminating in his unique insights.

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Selected Articles by 沐长青翻仓大师

2 days ago
Black Friday, will it still decline today?
3 days ago
3.12 Bitcoin pullback continues to maintain a bullish outlook.
4 days ago
3.11 Bitcoin weekly six consecutive bearish closes turned bullish, medium-term downtrend ends, short-term looks for a rebound.
View More

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