1.18 Weekend Bitcoin and Altcoins Rise as Expected, Continuing to Surge, 36 Hours Until Shorting Time!!
US President-elect Trump plans to use his executive power to ease the regulatory burdens faced by cryptocurrency companies and promote the adoption of digital assets in the few days after taking office. It is expected that Trump will sign an executive order to establish a cryptocurrency advisory committee, an idea he first proposed last July.
Trump takes office on the 20th, and the market may experience significant fluctuations on Monday; some funds will choose to seek safety while others will flow directly into Bitcoin.
This round of gains is waiting for a pullback, and it is still possible to go long. Ethereum is already close to the first take-profit level around 3550, so my suggestion for the upcoming market is to clear leverage and contracts, and to settle leverage by Monday afternoon to see the power of the river treasure.
BTC Daily - 4-Hour Level Market Analysis
The larger trend of Bitcoin is still bullish; the small-level rebound is already in place. This position is where the rebound is in place. If it can strongly charge up today and then consolidate for two days, there may be a chance to continue charging; however, this position allows me to bet on shorts for two days, and I will wait for the weekend to see if I can gamble on shorts.
The upper pressure for Bitcoin is around 105500, which is the previous high, and it may need to absorb some liquidity. However, it doesn't matter; the market will repair and consolidate Bitcoin over the weekend, leaning toward bearishness, and 105500 is not so easy to break. The bottom support is around 101500.
ETH Altcoin Large and Small Level Analysis
- ETH is weak, very weak; I don't know if there is still a need for its existence, but I still bought Ethereum, there’s no other choice but to gamble. And I feel that Ethereum's market is about to come, so there's no need to panic.
- From a technical perspective, the current position for Ethereum is in place; a short-term pullback might determine if the weekend trend can continue, with bottom support around 3380 and upper pressure still around 3550. It won't rise in the short term; a pullback near 3380 can allow a trade to continue to take profits at the previous high.
As the year-end approaches, everyone should pay attention to risks and ensure they reserve funds for the New Year. Be cautious with contracts and leverage, and pay attention to risk control capabilities. #BTC走势分析 tc #ETHETFsApproved h #crypto