Morning Thoughts on January 21:

Yesterday, Trump's inauguration event caused a severe shock in the cryptocurrency market, with extremely thrilling and stimulating price movements, oscillating sharply up and down. In the early session, the price plummeted significantly from 7000 points, but in the afternoon, it surged strongly to 10000 points. By midnight, it again saw a drop of nearly 9000 points, a trend that is rare in the cryptocurrency world.

From the current market analysis, the Bollinger Bands on the 4-hour chart are in a state of narrowing downward. During the early hours, after the K-line dipped to the lower band and the EMA60 position, it formed a candlestick with upper and lower shadows. At this moment, the K-line is positioned between EMA30 and the middle band. From a short-term perspective, the resistance at the middle band is worth paying close attention to. If the support levels in the EMA60 to EMA80 range are effectively broken, the price may seek further support at the EMA300 position, roughly in the range of 95800 - 96000.

Looking at the MACD indicator, there is again an increase in volume below the zero axis, and the fast line shows a second divergence, indicating that a bearish trend has already formed. The market has entered a correction phase in the short term, with lows constantly refreshing and highs sequentially lowering, forming a clear downward channel. Based on this, the morning trading strategy is recommended to focus primarily on short positions.

Bitcoin: Short near 102500-103000, targeting around 96000.

Altcoin: Short near 3260-3280, targeting around 3200.

#BTC再创新高 #特朗普就职后行情怎么走？ #特朗普妻子发币 #TRUMP上线币安现货 #比特币行情聚焦 $BTC $ETH