Market Overview
On Friday, all three major US stock indexes rose by more than 1%, with S&P and Dow hitting new all-time highs. Dow recorded its largest weekly gain in five weeks on Friday, reversing a week-long decline. Chip stocks surged by 4%, reaching new all-time highs, with AMD rising by over 7% and gaining nearly 20% over the week, and Nvidia rising by over 4% and gaining nearly 9% over the week, both hitting new all-time highs. Nasdaq 100 and Microsoft hit new all-time highs for two consecutive days.
After the US consumer one-year inflation expectation hit a three-year low, the 10-year US Treasury yield, which had risen for four consecutive days, retraced its gains. The two-year German and US Treasury yields rose by over 20 basis points in a week.
The US dollar index hit a daily low, falling from a one-month high, but still rising for three consecutive weeks. The yen rebounded after hitting a seven-week low.
Crude oil fell from a three-week high but still accumulated gains over the week. US natural gas fell by over 20% in a week. Gold rebounded for several days but still fell by over 1% over the week, marking the largest weekly decline in six weeks. LME copper ended a seven-week rally, still rising by nearly 3% over the week, while LME nickel hit a nearly two-year low, falling for three consecutive weeks after a four-week decline.
Market Review:
On Friday, the lowest price touched 40200, as shown in the above figure, after rebounding from the lower Bollinger Band on the daily chart. The rebound exceeded 1500 points within an hour. The day closed with a doji candlestick with a long upper and lower shadow. There was almost no fluctuation in the two trading days over the weekend. The price remained in a 400-point range, oscillating sideways. Both trading days closed with small doji candles. After the opening today, the price was suppressed by the previous trend line and fell again. In the short term, the price remains weak. Overall, the price was temporarily supported by the lower Bollinger Band on the daily chart, and the overall trend is considered to be oscillating within a large range! See the 4-hour chart below!
The Bollinger Bands on the 4-hour chart are narrowing again, seeking further support. On Friday, the daily chart received support from the lower Bollinger Band and stabilized and rebounded. In the short term, attention is needed on the 4-hour and daily charts to find a balance between support and the previous support price!
Market Outlook:
What is the short-term plan for BTC today?
The short-term plan is to enter long positions within 200 points above and below 39000, with a stop loss at 38400 and targets at 41000 and 43400.
We had a plan for short positions on Friday, and there were no short positions over the weekend. Furthermore, we repeatedly suggested long positions on Friday. Although there was a setback to 40200 during the trading session, the price ultimately followed our strategy. We closed the long positions near 42000 on Friday. The plan was to enter short positions from the weekend to Monday, but due to the limited 400-point volatility over the weekend, no strategies were implemented. The market trend completely matched our expectations. Although we did not profit from the short positions below the trend line, our strategy was validated by the market.
The market has been changing rapidly recently. The above short-term trading plan and strategies need to be adjusted based on real-time market conditions! It is wise to spend more time observing the market and less time trading!
For more real-time and accurate price strategies, please pay attention to the real-time prompts from the helmsman during trading!
Trade your plan, plan your trade!
The market has been changing rapidly recently, with large fluctuations. Risk management is essential for trading! If there are any price changes during trading, or precise real-time price opportunities, the helmsman will provide real-time prompts during trading!
All analysis and judgments are probabilistic predictions. The market carries risks, and speculation should be cautious!
2024.1.22
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。
