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25/01/12 Always bullish, always with tears of joy. BTC 0.382 holds, no bearish outlook. Waiting quietly for Trump's crypto moves upon taking office?

CN
交易公子扶苏
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1 year ago
AI summarizes in 5 seconds.

FTX has released the "Preliminary Repayment Distribution Schedule," with the first repayments expected to start on February 25. Creditors with claims below $50,000 are expected to receive approximately $1.2 billion in compensation. FTX requires creditors to complete the pre-distribution requirements (claim registration) by January 20 to ensure participation in the preliminary distribution, and repayments are not expected to begin before this date.

The first repayments are expected to start on February 25 and may continue until March 4. This schedule provides creditors with clear guidance so they can timely meet FTX's requirements and smoothly receive compensation.

During the day, Bitcoin continued to decline, with a minimum spike at 93,711 before rebounding. The short-term trend remains in a narrow range. There is still support between 91,200 and 92,200. On the 9th and 10th, it was noted that a decline near the support area may trigger a short-term rebound.

Bitcoin

The daily chart has tested the 90,000 support line five times, which is also the Fibonacci 0.382 line since the drop from 66,835 during Trump's campaign. Since the drop from 102,724, a triangular formation has formed on the daily chart, and attention should be paid to the potential change in the secondary triangular formation.

The 4-hour chart shows a descending wedge (not standard), and a head-and-shoulders pattern cannot be ruled out, with three spikes at 92,500, 91,500, and 92,200. These supports will directly determine whether a rebound can occur; if broken, we may see a drop to the 80,000 range.

Support: 91,200—92,200—93,660

Resistance: 96,000—97,600—98,600

Ethereum

Ethereum's minimum spike was at 3,158, and the short-term rebound is also weak. After rebounding to 3,320 in the morning, it dropped to 3,224 at the time of writing. The short-term focus remains on the strength of the rebound, with weekend trading volume being low, mainly paying attention to the impact of Monday's U.S. stock market opening.

Support: 3,158—3,224

Resistance: 3,322—3,382—3,452

If you like my views, please like, comment, and share. Let's navigate through the bull and bear markets together!!!

The article is time-sensitive and for reference only, with real-time updates.

Focusing on K-line technical research, sharing global investment opportunities. Official account: Trading Prince Fusu

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Selected Articles by 交易公子扶苏

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