Bitcoin short selling pressure continues, is it entering a bear market early?

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汤米
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3 hours ago

| Hot News |

1: [Trump may announce the new Federal Reserve Chairman before the end of January, and the U.S. may not be taking the potential trade war with the EU seriously]

2: [CZ: The NYSE's launch of a tokenized platform is beneficial for cryptocurrencies and crypto trading platforms]

How do Bitcoin and Ethereum look today? From the drop in the early morning of the 19th to the sideways movement on the 20th, there was a second round of sell-off yesterday afternoon, which also confirmed our point mentioned yesterday that the entire market is still dominated by bears. As geopolitical frictions surrounding Greenland escalate, cracks appear in the relationships between European and American allies, and Japanese bonds face significant sell-offs, this calm is rapidly being disrupted. In the evening, the three major U.S. stock indices opened lower collectively, and the global market is awash in red. The expansion of market volatility is changing the previous selective ignorance towards a series of shock events. Previously, whether it was the White House's tough actions on the Venezuela situation or renewed pressure on the Federal Reserve, the financial market showed strong resilience. However, the latest trends indicate that the market's capacity to bear is gradually being exhausted.

BTC: From the current 12-hour level, it once again verifies our viewpoint this week. If Bitcoin 📉 breaks below 91,900 and fails to recover, the difficulty of breaking through will increase again, and the market will continue to weaken. From a macro perspective, the performance on the charts more definitively indicates that the entire market's risk aversion sentiment is increasing again. The uncertainties surrounding political edges and the previous round of tariffs feel familiar. Currently, the support at 90,500 has not been effectively reclaimed, and the lower range may see a third wave of decline back to the defensive lifeline around 86,000. In terms of operations, focus on the volume and price rising together at 90,500 to confirm effective platform support recovery for a long position. If the 90,500 level fails to break through again, then a short position should be held.

ETH: From the current market perspective, Ethereum's overall breakout strength is still weaker than Bitcoin's. The range of 3,290-3,080 has shown a door-like market, and now the focus is on the strong support at 2,930-2,790.

Clearing Map (Maximum Pain Point)

We must remember that those who truly make money are not the ones who react the fastest, but those who are already in the vehicle when others are in doubt. Following the market trend allows one to go further in the market, and it is this group of people who truly achieve results in the market.

In this recent bull market, I have repeatedly emphasized that I believe the underlying logic of the crypto market has changed. The factors determining market trends will be more complex than before, and this complexity is something investors have not experienced in previous bull and bear markets. I am Tommy, a companion in the B circle who trades while practicing. If you want real-time entry points and personalized strategies, click on my homepage to join the community. We have professional real trading teachers accompanying you around the clock to help you maintain your mindset; you don't have to bear it alone.

Points are time-sensitive, and there may be delays in posting, so please refer to real-time market conditions for specifics. Finally, everyone should remember the two key points I mentioned in my last article this week: focus on trial positions in the short term, and once we move away from our target range, it will be the last opportunity to get in before the end of the year for significant gains. I am Tommy from K-line Life, your real-time crypto steward mainly focused on spot, contracts, BTC/ETH/ETC.

Specializing in style: K-line Trading

Original volume trading strategy.

Short-term wave highs and lows, medium to long-term trend positions, daily extreme pullbacks, weekly K-top predictions, monthly head predictions.

WeChat public account QR code (K-line Life Tommy)

Warm reminder: The only WeChat public account at the end of the article is created by the author!!

Please be cautious in distinguishing between true and false, thank you for reading!

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