New Yaw's Analysis: Bitcoin Market Trends on January 16可能

CN
6 hours ago

Good evening everyone, I am Xinya. The market last night made some people's happiness even fuller. Thanks to the volatility, and also to the results we achieved ourselves. The suggestion for the evening session on the 14th was to short at over 3300, specifically at 3380, and the market's actual movement triggered both sides. The short position for Bitcoin at 97500 also had multiple opportunities for profit, and many friends who had not experienced a double kill of long and short positions for the first time felt the joy of being able to pick both the sun and the moon. Simply put, it’s about raiding back and forth. This is common in a market with good volatility.

During this time, two groups of people need to pay attention. The first group is overly motivational and positive people, as those who cannot achieve results need motivation. The second group is people like Xinya, who are quite arrogant. Although I have been right for a week, capturing the volatility, extremes can lead to reversals, and it’s easy to encounter situations like at the beginning of the month. I do not recommend going against my advice; just keep an eye on the important reference points. Of course, to prevent such situations, I will consider more factors.

First, we continue with yesterday's thinking, watching for consolidation and building momentum for a second upward attack. Creating momentum comes before following the trend; only by being the main player can one anticipate the expectations of the main players. Let’s review today’s market.

Bitcoin's hourly and multi-level MA and EMA are all gently rising. The EMA7 is riding on the 30, leveraging for a jump. The early session on the 14th initially tested 96800, and it consolidated around the previous high of 94800 for a day. At 10 PM, it continued to increase in volume for a second time, with obvious selling at high volumes, and trades alternating. However, the pressure was weak, and the pullback was not strong. The subsequent movement was in the range of 98000-95800, overall oscillating around 96500-96800. Therefore, this area is destined to become a new divergence point. If Bitcoin pulls back to 96500 after coming down from 98000, the upward momentum will be strong without any doubt. However, the market has explored the lower side for a while, indicating that it still needs confirmation. Otherwise, the foundation for the future market will be unstable.

The important upper range is 97200-97500, while the lower range is 95200-95800. Currently, the one-hour and four-hour MA and EMA are still climbing upwards, so the movement still needs to show some back-and-forth to build momentum. The structural range is expected to be in the large range of 94800-98000, with the core range narrowed down to 95800-97500.

Ethereum's movement has formed a W shape, and we only need to focus on a few positions: the early session spike at 3380, the core consolidation at 3330, and the second pullback around 3280. Looking at the details, whether it’s a rise or a second rebound, there is selling pressure at 3380. In terms of shape and structure, there hasn’t been a signal of pressure formed here, just traces of selling. Therefore, we need to consider whether Ethereum is going to create a central point, building momentum up and down to prepare for the second upward movement. The closest range right now is around 3330. This is the central axis for selling at higher levels and supporting at lower levels between 3380-3280, which has already upgraded four times.

For the future market, we will consider building a central point, and we can start entering in batches around 95800 and 3330, with additional entry points at 94800 and 3280. For short positions above, it’s 97200-97500, without considering adding to the position, and the stop loss is at 98200. For Ethereum, short at 3388, with a stop loss at 3422.

Walking with giants, public account, Xinya talks about trading.

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