Analysis and Trading Suggestions for Bitcoin (BTC) on January 10 (Written at 5:01)

The current price of Bitcoin is around 90,400. After last night's non-farm payroll report, there was another surge, but the rebound still did not meet expectations. The pullback situation was anticipated. Currently, on the 1H chart, the price is located between EMA5 and EMA250, below all moving averages, indicating that bears are once again dominating the market. The red bars in the MACD are forming and expanding, with the DIF (-98) below the DEA (-63), and the histogram is negative (-70), indicating the beginning of a death cross pattern, showing that bearish momentum is dominant. The price is running in the middle-lower area of the BOLL channel, facing some downward pressure, but has not formed a serious oversold condition, suggesting that the downside space is not yet exhausted! RSI: Neutral to weak, with RSI1 (38) and RSI2 (43) both in the neutral to lower range, not entering the oversold area (below 30), indicating limited downward momentum, and the price may revisit the low point from yesterday. The KDJ three lines are in a death cross. The K value (33) is below the D value (42), and the J value (13) is at a low level, indicating a strong short-term bearish trend, but close to the oversold area, so caution is needed when chasing shorts due to the potential for an oversold reversal. It is suggested to wait for the short-term bearish trend to finish and pay attention to the second support near yesterday's low for a low long entry, or wait for the mid-line of the 4-hour chart near yesterday's high range for a high short layout!

Sell Point: ≥91,300 light short, stop loss at 92,300; take profit at 90,300-89,500, if it breaks below 89,200-89,000, you can continue to hold.

Buy Point: ≤89,500 below long, stop loss below 89,000; take profit at 90,200-91,000-91,600. If it breaks, look at 91,800-92,300 to continue holding!

There may be delays in article review and push notifications, the above points are for reference only. Please grasp the timing of buying and selling yourself, and ensure proper risk control when entering the market. Do not operate with heavy positions! Thank you for reading!

Thus, our journey in the cryptocurrency world begins to move towards a broader new starting point, and it is by no means an endpoint, as the road is still long and must be walked step by step! The ocean of cryptocurrency is vast and boundless, filled with opportunities and challenges. I hope you will always maintain a thirst for knowledge and a spirit of exploration in the days to come.

Remember, the cryptocurrency world is not just about numbers and charts, but also about human nature, decision-making, and the art of the future. In investing, maintain rationality and calmness, do not be swayed by short-term fluctuations, and view the market with a long-term perspective. Keep learning and improving your professional skills. Knowledge in the financial field is constantly updating; only through continuous learning can you keep pace with the times and seize every opportunity. Be brave to try and innovate. Do not fear failure, as every failure is an opportunity for growth. In the world of cryptocurrency, the brave often carve out their own territory. Finally, I wish you all shine on the stage of cryptocurrency, realizing your value and dreams. No matter when and where, I am cheering for you and looking forward to your wonderful performance. I wish everyone smooth sailing on the cryptocurrency journey and a bountiful return!

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