Today is Lunar New Year's Eve. Wishing everyone a vibrant Year of the Snake, abundant fortune, auspiciousness, and smooth sailing in all endeavors. The Bitcoin market has been quite dull with ten days of high-level fluctuations. Since December 23, when BTC's weekly candle engulfed three bullish candles, the key support to watch is the 90,000 spike. Be cautious of false breakdowns followed by a return! We have consistently reminded to maintain a bullish outlook, and in the past ten days of wild fluctuations, the market still seems to be consolidating. In the video on the 19th, we noted that as long as it doesn't break 97,300, the trend is still leaning towards upward fluctuations.
The monthly candle is about to close, and the probability of forming a doji is high. After two spike tests, the price must significantly break away from this area to avoid a major pullback. The first defense is at 97,777; if it breaks below, be cautious about reducing positions. The second defense is that it cannot fall below 90,000; if it does, a "black swan" event may occur.
Especially noteworthy is the "AI industry's Pinduoduo," DEEPSeeK, which is low-cost and highly efficient. Moreover, it is not from a major internet company but from the quantitative asset management giant, Huansheng Quantitative. This firm, established 23 years ago with a cost of several million dollars, outperforms ChatGPT, which has seen investments in the tens or hundreds of billions. The world is indeed a makeshift stage, and we should adapt to the changes of the times.
Bitcoin
Last week, the weekly candle closed as a doji, making this week's close quite critical. After a drop at the opening on Monday, it quickly rebounded above 102,000, which is somewhat optimistic. The daily chart shows ten days of fluctuations, testing the upper edge of a triangle, with the price remaining above the three moving averages, indicating a bullish trend.
After breaking below 99,550 on the 4-hour chart, it quickly recovered. Currently, it is still in a high-level consolidation phase, and with the monthly close approaching, volatility is increasing. Pay attention to the potential turning point at the beginning of next month.
Support: Resistance:
Ethereum
Recently, there has been a lot of criticism and various complaints. Since mid-December, we have been warning about the daily descending wedge, and our predicted trend has been quite accurate. The weekly chart shows two tests of the MA20 and MA60; if it doesn't break, we can expect a rebound.
The daily chart shows multiple spike tests, indicating potential rebound heights and opportunities for breaking the descending wedge.
Support: Resistance:
If you like my views, please like, comment, and share. Let's navigate through the bull and bear markets together!!!
This article is time-sensitive and for reference only; it is updated in real-time.
Focusing on K-line technical research, sharing global investment opportunities. Public account: Trading Prince Fusu
免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。
