🌟Market Insights for Noon on January 7th.🌟
$BTC 's Insights:
Did any of you get stopped out by Bitcoin yesterday? Just when it seemed like it was going to rise, it fell back down; just when it was about to break support, it recovered.
So if you want to be bullish, hold on to your bullish view firmly, and don't let the market's ups and downs affect you, as being influenced will hurt your capital.
Bitcoin has broken through 107454 with volume, closing above this level on the hourly chart, so go long on the right side, with a stop loss below the breakout.
If it breaks 107044 with volume and then fails to recover, go short on the right side, with a stop loss if it recovers. Pay attention to changes in volume and manage your stop losses well.
If it fakes a breakdown at 106370 and recovers, take a light long position; if it breaks below 105640, set a stop loss. If it doesn't recover, don't go long.
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On the hourly chart, Bitcoin needs to stabilize above 107761 to look upwards towards 108430-109070; if it can't get above, it's of no use.
For shorting Bitcoin, be cautious if it hits 109018 as it shows a 2B false breakout; go short if it fails to stabilize at 109830 with a stop loss.
Conservative players wait: long at 105257 with a stop loss below 104562.
The hourly chart of Bitcoin is currently in a consolidation phase after a decline; it will continue to oscillate within this range unless it breaks above 107913 or below 106718. Until it breaks or falls below the range, Bitcoin will not show a clear direction. Even after breaking the range, it still needs to break the trend line marked in the chart for Bitcoin to continue rising.
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Resistance levels above: 107808-108256-108936
Support levels below: 106370-105223-104632
On the 4-hour chart, if it breaks below 106651, look down to 105254-104586; if it falls below 105254, Bitcoin will enter a 4-hour level correction.
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$ETH 's Thoughts:
For Ethereum, if it breaks 2495 with volume, go long on the right side, with a stop loss if it recovers.
If it breaks 2485 with volume, go short on the right side, with a stop loss.
If it pulls back to 2441 and confirms support, take an additional long position; if it falls below 2406, set a stop loss.
Ethereum needs to stabilize above 2495 on the hourly chart to continue looking upwards towards 2521-2547-2570; it's a step-by-step process.
Watch for a short at 2563; if it breaks 2600, set a stop loss.
Left-side orders: long at 2375, with a stop loss below 2331.
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Resistance levels above: 2495-2522-2548
Support levels below: 2461-2434-2411
On the 4-hour chart, if it breaks below 2450, look down to 2410-2379. Ethereum on the hourly chart is forming a rounded bottom plus cup handle pattern, which is a bullish formation. If it breaks the upper boundary of the cup handle, Ethereum will take off again, and the meeting will conclude.