January 27 Trading Strategy

Recent market trends have shown a converging triangle pattern, which has initially emerged over the weekend. The market experienced a brief correction and is currently approaching the 100500 area.

Observing the overall funding rate situation in the market, the current rate is at a relatively low level. Meanwhile, the prices of major cryptocurrencies are still maintaining close to recent highs. It is noteworthy that the current low rate is not caused by a significant drop in prices, which means that under the circumstance of no long-term bearish trend in the market, the space for further price declines is relatively limited.

Although the bearish forces currently hold a certain advantage, the main market funds may intervene to maintain stability.

Based on the above analysis, the intraday trading suggestions are as follows:

When the market price is in the range of 100700 to 101100, consideration can be given to entering a long position. The initial target can be set around 104000.