1.24 Zhang Lihui: Bitcoin Market Analysis and Trading Suggestions:
The short position set by Lihui above 107,000 has likely yielded significant profits over the past two days; in any case, Lihui's third target of 101,250 is already very close! How much you can take depends on your own patience. Lihui has already arranged to reduce positions and take profits at 101,500, and the remaining positions will continue to observe how the market moves. As long as there is a willingness to rise, we will add positions; if it breaks down, we can also add positions in the direction of the trend, but we won't act until we reach the target!
Continuing to look at the 4-hour chart, the Bollinger Bands are still trending downwards. Last night, the candlestick tested the EMA60-EMA80 range for the fifth time, forming a rebound. In the early morning, the candlestick rose again to the upper band and then fell back, with no obvious signs of the upper band lifting. Therefore, the high point on the 22nd can still be considered the first resistance point for today. If it breaks, we will need to adjust to the 20th and historical high positions to open short positions! From the MACD perspective, there has been continuous volume below the 0 axis, and there are clear signs of decreasing volume, approaching the 0 axis position. The fast and slow lines are converging for the fourth time; during the third convergence, Lihui mentioned that a divergence would form, and indeed the bearish range is quite ideal. Thus, trying to short at high positions is definitely not a problem. Whether this fourth convergence can succeed remains to be seen based on market performance. However, Lihui believes that as long as there is an opportunity for a rebound, we will continue to try shorting. No matter how strong the short-term rebound is, Lihui will not arrange to go long at this high position! Lihui reiterates that as long as you manage your stop-loss well, it is better to take a small loss to exchange for a larger space below. Recently, developments in El Salvador have been adding fuel to the market, and everyone should pay attention to that!
At 1:13 AM Beijing time on January 24, the editor suggests continuing to lightly short in the 106,300-107,200 range, with a stop-loss at 107,600! The targets are 104,000-102,300-101,500; if it breaks the 101,300-101,000 range, you can continue to hold until the 4-hour EMA300 position, which is around 97,000; if a stop-loss is triggered, you can continue to adjust to open positions in the 108,500-109,200 range, with a stop-loss above the previous high! The targets remain the same!
For low long positions, attention must be paid to the support in the 101,300-101,000 range before considering entry, with targets above 2,000 points available for profit-taking! Specific entry opportunities can be based on Lihui's real-time notifications.
There may be delays in article review and push notifications; market conditions change rapidly, and specific entry opportunities must be combined with real-time operations, with notifications as the standard. The suggested points in the article are for reference only; do not operate with heavy positions. Please manage your take-profit and stop-loss when entering, and take profits when available!
I, Lihui, interpret global economic news and analyze major trends in the cryptocurrency market. During my studies in the U.S., I conducted in-depth research on BTC, ETH, LTC, DOT, EOS, BNB, SOL, and other cryptocurrencies. I welcome comments and messages from those who are not familiar with trading!
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This article is exclusively published by (WeChat public account: Zhang Lihui) for reference only; risks are borne by the reader. May we remain humble and brave in the complex cryptocurrency market, unafraid of challenges and willing to explore. As the saying goes, "The road ahead is long and has no ending; yet high and low I'll search with my will unbending." I hope we keep pace with the times, absorb wisdom, travel thousands of miles, weather storms, and gain insights into life.
May you, under Lihui's guidance, leverage your strengths and avoid weaknesses, create value, and remember the market's baptism, staying true to your original intentions. In the wave of digital currency, may we hold onto our beliefs, forge ahead, and together compose a brilliant future, sharing the joy of success. Let us join hands and move forward together on this investment journey filled with challenges and opportunities, creating brilliance together!
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