What impact will tonight's CPI report have on the market? Can the $momo concept coin on Xiaohongshu rebound? Does a bull market still exist?
Recently, over 200,000 people faced liquidation, and the scene was quite shocking, with Bitcoin's price dropping directly to around 89,000, near the 90-day moving average. There are two main reasons behind this: first, the poor performance of U.S. stocks has dragged down the overall market; second, the candlestick chart's trend appears quite unstable.
What will the trend of Bitcoin be like in the next few days? I predict it will fluctuate between 92,000 and 98,000. Therefore, friends who have positions should remain calm, do not panic, and stabilize their assets; however, the risk of chasing highs should be treated cautiously. Friends with lighter positions might consider dollar-cost averaging, buying more when prices are low.
Let's take another look at $BNB. This coin may fluctuate between 680 and 710. When Bitcoin is strong, BNB may appear slightly weak, but if you are engaged in locked mining, these fluctuations are not a big deal.
As for $ETH, the price is expected to fluctuate between 3,100 and 3,400, and the rebound strength is not as strong as Bitcoin, with institutions still reducing their holdings. Therefore, friends holding ETH may want to consider switching to Bitcoin.
The market remains the same, with roughly the same participants, and it seems that nothing has changed. In fact, many contract traders have been severely impacted, becoming the fuel for the rise in the first quarter. Once contracts open, funds will pour in, but the incoming funds and risks still depend on each participant's strength.
When it comes to market trends, as long as there is a clear signal, the downward trend will end, followed by an upward trend. Prices will not fall below previous lows before February. Some people choose to enter the market, while others doubt it will drop below 80,000 and continue to wait and see. This market is such that the same group of people always make money and lose money.
The core of trading is patience, waiting for the best moment to make investment arrangements. Yesterday, Bitcoin experienced a sharp drop, which might be the final stage of the bubble squeeze. Currently, the expectation of the Federal Reserve cutting interest rates in February has fallen through, and various participants on Wall Street, including institutions and retail investors, are mentally prepared. Yesterday's decline reflects the market's sensitive reaction to data, and many investors are worried about U.S. Treasuries, fearing economic recession and rising inflation. Although CPI data was slightly below expectations, inflation remains within a controllable range, and the pace of interest rate cuts may be delayed.
In addition, the MEME topic on Xiaohongshu is also attracting attention! According to the latest news, TikTok will be removed from the U.S. on January 19, while Xiaohongshu has become the most downloaded application in the U.S.
