Pionex: Latest Bitcoin Market Analysis on January 2, 2025

Article Published on January 2, 2025 - 01:00 AM

The current price of Bitcoin is 94,000. Yesterday's strategy suggested a short at 96,000, with the target clearly stated at the beginning of the article as 93,000 to see if it can be reached. The lowest point before publication was 92,900. This 3,000-point profit-taking is quite tempting, as the medium to long-term trend remains bullish. Therefore, Pionex chose to take profits at 93,000. As for whether to enter long positions, everyone can make their own guesses.

Currently, the K-line pattern in the market is fluctuating significantly between 94,000 and 95,000, with multiple long upper and lower shadows indicating strong buying and selling forces in the market. The MACD technical indicator suggests a short-term rebound opportunity, while the Relative Strength Index (RSI) is currently close to 50 with no clear trend direction. The trend indicator EMA shows a bearish arrangement. Pionex judges that the short-term trend still leans towards weakness, with the strategy primarily focusing on low longs and secondary high shorts.

Today's Reference Points:

• Long Entry: 93,000, Stop Loss: 92,000, Take Profit: 96,000
• Short Entry: 95,000, Stop Loss: 95,500, Take Profit: 93,000

Pionex: Latest Ethereum Market Analysis on January 1, 2025

Article Published on January 1, 2025 - 01:00 AM

The current price of Ethereum is 3,333. An unexpected short order was placed at 3,450 yesterday, resulting in a profit-taking of 120 points at 3,330. Overall, the trend shows a short-term pleasant surprise, as Pionex primarily focuses on long positions with short positions as a supplement. The medium to long-term trend is generally bullish, but the bearish trend has not yet completed, and the short-term bearish momentum is evident; otherwise, Pionex would not have chosen to short. Therefore, the profit from this short position can be considered unexpected, with the central idea still being to look for opportunities to establish a medium to long-term long position after finding a bottom.

Currently, the K-line pattern in the market is oscillating near 3,350, with significant pressure above. The MACD histogram shows that bearish forces are dominant, but Pionex has noticed signs of weakening. The RSI14 does not show any clear overbought or oversold signals. The EMA trend indicator indicates an overall bearish trend in the short term, with a strong market wait-and-see sentiment. The short-term long strategy remains valid; holding above 3,320 is sufficient without rushing to exit.

Short-term Strategy Reference:

• Long Entry: 3,320, Stop Loss: 3,280, Take Profit: 3,450
• Short Entry: 3,450, Stop Loss: 3,500, Take Profit: 3,330

The above is a brief analysis by Pionex regarding the current market situation for investors' reference. Over the past ten years, Pionex has continuously explored and experienced hundreds of different digital assets. Throughout this process, Pionex has witnessed the brilliance of bull markets and the gloom of bear markets, accumulating countless valuable experiences and profound lessons along the way. As a female trader striving in this challenging field, Pionex feels a responsibility to share her insights and hopes to help others with dreams find their place in this ever-changing market and embark on their own successful journey.

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