Hello everyone, today is Monday, and it's time for our weekly review. This week's review is particularly important because several key events may lead to market fluctuations, which I will analyze in detail next.

Alright, let's review last week's weekly analysis. Last Monday, we accurately predicted the pressure zone for Bitcoin in the 11,000 to 13,000 range. Sure enough, at 8 AM on Tuesday, Bitcoin touched 12,000 and subsequently fell, failing to find solid support until now. So overall, last week's analysis was very accurate. If you watched my video, you would not have been misled by last week's rebound, avoiding being caught in the 102,000 area.

Next, we will enter this week's review. As usual, we will analyze the market from three dimensions: fundamentals, data, and technicals. If you want to understand my analytical framework, you can refer to this video. Today, we will start with technical analysis.

Technical Analysis

First, let's take a look at last week's weekly chart from 8 AM this morning. It can be seen that although this week's shadow is relatively long, the body is completely enveloped by the candlestick from the week before last, indicating that the market is still under pressure. This type of candlestick pattern typically reflects a market in a suppressed state.

Next, looking at the hourly chart, the situation becomes clearer. In previous videos, I mentioned the downward trend in the market after the December 20 interest rate meeting, specifically manifested as the crossover of my original 'three-line system'. On the chart, the red pressure area is very obvious, and it can be seen that the pressure here is very strong. Last week's rebound was also suppressed in this area and did not break through. Now, during the price decline, a new downward crossover has formed, although not as strong as the previous one, it is still valid. For example, this morning, when hitting 96,000, the price was once again suppressed by the three-line system.

In summary, the technical analysis still shows a suppressed state, and in the short term, the market is likely to remain in a consolidation phase without any new breakthroughs.

Fundamental Analysis

Speaking of the fundamentals, we have mentioned several times in previous videos that since December 20, the market's expectations for interest rate cuts have decreased, which has a significant impact on the cryptocurrency market as a risk asset. In particular, last Friday's strong non-farm payroll data and unemployment rate further intensified the bearish sentiment towards risk assets.

However, the events affecting the cryptocurrency market this month are not limited to last Friday's non-farm data. Next, there will also be the release of CPI data, Trump's inauguration, and the interest rate meeting at the end of the month, all of which may bring market fluctuations. The most immediate influencing factor is the CPI data release on January 15. Compared to last Friday's non-farm data, the CPI has a greater impact because the Federal Reserve views inflation as a top priority, and every official's speech emphasizes the inflation issue, indicating the importance of this data.

From my perspective, based on the current economic indicators and commodity prices, I believe the CPI data on January 15 may bring bad news. If so, the market may come under pressure again, leading to a drop in cryptocurrency prices. Therefore, I suggest everyone to prepare psychologically and financially in advance.

Data Analysis

Next, let's take a look at the data. My Twitter and the Niu Ding indicator monitoring table have been tracking changes in the market. On January 7, Bitcoin just happened to peak that day, and I warned about the dangerous signals shown by the monitoring table on Twitter that morning. From the candlestick perspective, the price started to decline that day.

This also proves the effectiveness of our monitoring table. Currently, due to the market decline, the relevant data from the monitoring table has also started to decline, but it is important to note that the data is still in a relatively greedy area and has not yet entered the panic stage. This situation generally requires time and space to accumulate, and we need to continue observing the changes in the market.

Summary

This week's review ends here. To summarize the key points you need to pay attention to: First is the CPI data; the data on January 15 may bring new market fluctuations. Secondly, the technical analysis still shows that the market is in a suppressed state, likely consolidating in the short term. Finally, the data also indicates that the market has not yet entered a panic zone, and greed is still predominant.

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