Hello everyone, I am Bencong from Bitcoin.
Today is Wednesday, January 22nd, Beijing time.
As we analyzed yesterday, Bitcoin has been in a volatile upward trend so far. Looking at the daily chart, the lows are constantly rising and it has already come close to the previous highs. Currently, the profit and loss ratio of long positions is not high. If the small-level trend retraces and rises, you can try to go long with a small position.
In the 4-hour chart, we can see that Bitcoin has continued its previous upward trend after the shock caused by the news. At present, it has encountered resistance and stepped back at the previous high. As long as it does not fall below the support area near 99,800, we will treat it as a shock. If you want to buy high and sell low, don't chase high, and focus on the bottom line of the support area.
Coin Winning Indicator, currently BTC continues its upward trend from the last prompt, having pulled up from the dense area of moving averages to near the previous high, and is now retracing to the area of diverging moving averages. There is a high probability it will attack upwards again, reaching the target near 107800. Friends who want to participate can do so with a small position, overall it is in a bullish trend and we do not short.
ETH daily chart continues to maintain a fluctuating trend, oscillating in a small range between 3150-3360. Overall, it has not yet broken through the downward trend line and will need more time.
On the 4-hour ETH chart, a small level triangle convergence is occurring within a larger framework, and overall we continue to look for fluctuations.
ETH Coin Winning 30 minutes, currently the overall position is converging, consolidating in the tangled area of moving averages, which is also the center of the entire large box. We patiently wait for the market to choose a direction before participating.
That concludes today's market analysis.
I am Bitcoin's 'dumb-smart'. If you like this sharing, please follow and subscribe.
Thank you all for watching and supporting, see you tomorrow!
