The overall bullish trend of 1.17 BTC has not been broken, and short-term support will continue to be seen above the 4-hour trend line rebound.

CN
1 year ago

Market Overview:

Expectations of interest rate cuts were hit, with the Dow falling more than 200 points to a near four-week low, and the S&P falling from a two-year high. Boeing dropped nearly 8%. Nvidia closed up more than 3%, reaching a historical high, while AMD rose more than 8%. Microsoft hit a historical high for the fifth consecutive day, while Apple fell more than 1%. After the financial report, Morgan Stanley fell more than 4%, and Goldman Sachs rose against the market by 0.7%.

US bonds plummeted, with the yield on the 10-year US bond rising above 4.0%, rising more than 10 basis points during the session to reach a one-month high.

The US dollar index rose for the third consecutive time, reaching a one-month high, rising 1% during the session. The yen fell more than 1% during the session, reaching a one-month low.

US oil fell from a one-week high, while Brent oil rebounded to a one-week high. US natural gas fell more than 10%. London copper fell, approaching a four-week low. London tin rose for the fifth consecutive time to a near two-week high. Gold fell more than 1%, marking the largest drop in nearly two weeks, approaching a four-week low.

Market Review:

Yesterday, BTC fluctuated within a range, with a daily volatility of 1550 points and relatively small intraday fluctuations. There was an unexpected drive to clear short-term long positions during the session. However, the price quickly recovered. As shown in the above chart, the price has always remained above the 4-hour trend line, and after the previous drop to 49,000, it stabilized accurately. Although the short-term rebound was small, the price was able to maintain the overall trend intact.

As yesterday was characterized by fluctuations throughout the day, today's strategy has not changed significantly, and overall remains consistent with yesterday's approach!

Continue to follow yesterday's train of thought! There have been no significant changes in the approach, and the market trend is normal!

Market Outlook:

As shown in the chart above, as long as the 4-hour trend line is not broken, the short-term outlook continues to favor a rebound. Although the recent vertical drop to 49,000 was significant and sharp, overall, the precise stop at the trend line indicates that the bullish trend has not been broken. Therefore, in the short term, the outlook continues to favor a rebound.

For more accurate entry prices, real-time price opportunities, and market follow-up analysis, please pay attention to the real-time prompts from the helmsman during the session!

The recent market changes have been rapid, with large fluctuations, so risk management is essential for trading! If there are any price changes during the session, or real-time price opportunities, the helmsman will provide real-time prompts!

All analysis and judgments are probabilistic predictions. The market carries risks, and speculation should be approached with caution!

All analysis and judgments are probabilistic predictions. The market carries risks, and speculation should be approached with caution!

All analysis and judgments are probabilistic predictions. The market carries risks, and speculation should be approached with caution!

       2024.1.17

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