On the third day of the Lunar New Year, I wish everyone good fortune and all the best. May the new year bring you abundant earnings. Since the 1st and 13th, there has been a reminder that there might be a false drop before a sustained bullish trend. This includes the boring market of the past half month. After Ethereum's spike to 2920, it was also noted that if the daily descending wedge cannot be effectively broken through in one go, it will face a pullback and rebound after being suppressed by the descending trend line, which is not much different from our expected trend.
Grayscale has launched a new Dogecoin trust fund. Grayscale believes that DOGE is no longer just a meme coin, but has become a tool for global inclusive finance.
Trump's crypto project WLFI has increased its holdings by 2972 ETH in the past 12 minutes. MicroStrategy has completed a $563.4 million preferred stock issuance, planning to use part of the funds to increase its Bitcoin holdings.
Bitcoin
London gold continues to set a historical high of 2815. As for the U.S. stock market, as of the time of writing, the Nasdaq index is up 1.26%, the S&P 500 is up 0.64%, and the Dow Jones has also completed a 0.886 rise, approaching previous highs. In summary, regardless of how much external news or data impacts the market, for now, the market is relatively optimistic.
Bitcoin has been fluctuating at high levels for over ten days. On January 19, it was clearly reminded that as long as it does not drop below 97300, I will not be bearish or look towards 90,000. The lowest spike was 97777, and the highest was 110,000. This is essentially the main funds controlling or washing the market. The daily chart still shows a range-bound fluctuation, and if the 4-hour chart breaks and retests, we will see if it can continue to push up. If it still cannot break through 110,000, further fluctuations will be needed.
Support: Pressure:
Ethereum
Ethereum has once again broken through 3300. Many people think it's a joke, but it should be noted that this is a good opportunity. The daily descending wedge has broken through, and after the first spike on December 20, it ran for over 40 days. The prediction made by the analyst from January 13-15 was that once this trend breaks through, it is very likely to be a true breakout.
Support: Pressure:
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This article is time-sensitive and for reference only, updated in real-time.
Focusing on K-line technical research, sharing global investment opportunities. Public account: Trader Gongzi Fusu
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