Bitcoin market analysis on January 5

The pie once again tested the pressure level of 17,000, but failed to break through, but there was no sharp decline. It can be seen that the bulls have the intention to accumulate strength and continue to break upward. If they are given the opportunity to step back on the support near 16,700 during the day, they can consider taking it If there are more than 17,000, be sure to bring a good stop loss for short positions. The 17,000 position has been tested many times before. If you want to go short, it is best to wait until it breaks through 17,000 before looking for a position.

The market is not active, and it is expected that the market during the day will still maintain minimal sideways fluctuations. It will depend on the data at night and the US stock market before there will be larger fluctuations. Personal opinion, for reference only. #BTC #ETH