Crypto Warrior: Bitcoin rebounds as expected, after a short-term pullback, it continues to rise.

CN
5 hours ago

Preface: Investment carries risks, and operations should be cautious.

Article review takes time, and there may be delays in publication. The article is for reference only, welcome to read!

Article writing time: January 15, 12:52 PM Beijing Time

Market Information

  1. Santiment: Whales are increasing their Bitcoin holdings while retail investors continue to sell;
  2. U.S. President Trump rebuts Senate Republicans' criticism of the Justice Department's investigation into Powell;
  3. The Deputy Governor of the Bank of England states that stablecoin protections may need to be raised to the level of bank deposits;
  4. JPMorgan predicts that institutional investors may lead the inflow of funds into the crypto market by 2026;
  5. Federal Reserve officials emphasize policy independence and signal a pause in interest rate cuts;

Market Review

Last night, Bitcoin continued to rise, peaking around 97,900, followed by a slight decline. Ethereum's late-night peak reached 3,403, currently in a high-level consolidation;

Market Analysis

Bitcoin

Yesterday, I reminded everyone of the strong bullish sentiment, advising against shorting and to chase the rise. The target for the long position around 95,400 was near 98, and the late-night price also reached around 98 as expected, yielding a profit of about 2,500 points. After reaching near 98, Bitcoin did not continue to rise. On the 4-hour chart, it formed an upper shadow near the 98 resistance level and closed bearish, indicating a short-term correction signal. Today, during the day, it also showed a slight pullback. We should first focus on the 94,000 level for this pullback, which was previously a strong resistance and can now be viewed as support. If it fails to hold near 94, the next long entry point will be around 92. In trading, wait for the pullback to go long, enter long positions near 94, and add to positions near 92. A stop loss is recommended at 90,500, with the target still looking at 98, and if it breaks through, aiming for 100,000. Currently, there is still a 2,000-point space below. For those looking to catch the move, take small positions and manage your entry opportunities; for short-term trading, control risks and manage your own profits and losses.

Ethereum

Yesterday, the long position was set around 3,340, with a peak rise to 3,403, which did not reach the expected target above 3,550, resulting in only a few points of profit. If you exited in sync with Bitcoin, there would still be a profit; for those who did not exit, there may be a small loss now, so consider exiting with a small loss or at break-even. The movement of Ethereum is basically similar to Bitcoin, showing a slight correction signal in the short term, but overall it remains bullish. The support level to watch is around 3,200. In day trading, focus on this level for long positions, with a stop loss at 3,100 and a target near 3,500. Currently, there is still a hundred points of space below. For those looking to catch the move, manage your entry; for short-term trading, control risks and manage your own profits and losses.

In summary:

Both Bitcoin and Ethereum show slight short-term corrections, and these corrections present opportunities for long positions.

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 crypto world, some people's demands can only be met by scammers. Everything cheap must be taken by oneself, and only scammers can satisfy these.

Trading is not always smooth; not every trade goes as planned. That is just noise in the pursuit of profit. Compared to seeking technical breakthroughs, I focus more on 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 the smallest happiness in life should be embraced with a smile. Only by overcoming oneself can the future market bring unexpected surprises! Keep going, crypto community.

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