The morning idea was accurately verified, and the second coin reached the exit target perfectly. The market fluctuated violently. The price fell to $99,471 within 24 hours, fluctuating by nearly 10%. 406,000 traders were liquidated and lost $1.24 billion. But then it rebounded tenaciously, breaking through $110,000, setting a record high.

January 20 Morning Thoughts: Focus on Trump's Appearance at 10:30 PM Tonight

On Monday morning, a new week officially begins. Upon waking up, I witnessed a sharp plunge in the prices of Bitcoin and Ethereum. Before Trump took office, the bears indeed seized the opportunity and struck hard. The price of Bitcoin plummeted from around $106,000 to about $99,600, a drop of nearly 7,000 points; Ethereum also fell sharply from $3,340 to around $3,150, a decline of nearly 200 points.

However, it is expected that after this fierce drop, the bearish momentum will ease somewhat. Tonight at 10:30 PM, Trump will take the stage, and the overall market sentiment still leans towards the bulls.

Currently, the market shows a clear downward trend. From the high point of the early morning until now, there has been a significant drop of nearly 7,000 points, causing a large number of long positions to be forcibly liquidated. At present, both bulls and bears are engaged in a fierce tug-of-war over the price, resulting in fluctuations of a thousand points in both directions. In terms of future market direction, if the price can successfully stabilize above the crucial level of $100,000, then there is a high probability that the market will see a strong counterattack from the bulls.

Buy Bitcoin around 100,000-100,500, target 105,000-106,000
Buy Ethereum around 3,150-3,180, target 3,400-3,450

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