01.15 Insights Short-term Good news: The daily chart shows that a bullish divergence is basically forming. The resistance level at the trend line of 98.8k will be challenged, with increased chances of reaching 102k again.
Bad news: The market has a script, the triangle pattern, which is quite tormenting for the mindset.
However, this triangle pattern has shown a bullish formation.
Mid-term Worth looking forward to. If this round of rebound can stabilize above 100k for several consecutive days, it means that this short-term consolidation phase will come to an end. There will be around 7 days of upward movement. The next short-term low is expected around January 25.
Long-term Need to be cautious of the weekly death cross, which indicates that a larger cycle of consolidation will begin.
01.15 $BTC Historical Market Review $BTC is currently in a bull market since November 2022, and is now entering the mid-phase of the third wave. The risk-reward ratio of high leverage strategies in the current phase is lower than in the first and second wave phases. Looking back at this bull market, The first wave featured $ETH and the L2 narrative The second wave highlighted three narratives: $SOL $Ordi $wld The third wave presents the blossoming of $XRP $ADA $DOGE Throughout it all is #BTC compliance
01.15 Insights Short-term Good news: The daily chart shows that a bullish divergence is basically forming. The resistance level at the trend line of 98.8k will be challenged, with increased chances of reaching 102k again.
Bad news: The market has a script, the triangle pattern, which is quite tormenting for the mindset.
However, this triangle pattern has shown a bullish formation.
Mid-term Worth looking forward to. If this round of rebound can stabilize above 100k for several consecutive days, it means that this short-term consolidation phase will come to an end. There will be around 7 days of upward movement. The next short-term low is expected around January 25.
Long-term Need to be cautious of the weekly death cross, which indicates that a larger cycle of consolidation will begin.
The secret of financial management in a bull market When others are fearful, I am greedy; when others are greedy, I am fearful; when others are confused, I am a swing trader