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#Strategy加仓BTC Market Quick Read for January 15 📊
$BTC Trend Analysis:
Waking up to a new high feels great, but it's just a little short of hitting the 98,000 mark, which is a bit disappointing. Currently, Bitcoin is stuck at the 98,000 resistance level, and a pullback is perfectly normal.
This 98,000 level either holds firm without breaking or, once broken, signals a weekly reversal. Think about it—Bitcoin fell from 98,000 to 80,000, and that was the starting point. Conversely, if the weekly chart stabilizes at 98,000, a move to 100,000 isn't far off.
The bearish flag pattern after a false breakout, combined with the recent Evening Star candlestick, all suggest a correction is coming. It's not surprising to see a rise from 90,000 to 98,000 and then a retest of around 3,000 dollars. Don't expect to open a long position and ride it all the way to 110,000-120,000 immediately. Although volume is pulling back, it hasn't increased significantly—this is a typical volume contraction during a correction, so the decline shouldn't be too deep.
As long as the price stays above the flag pattern's support zone of 95,572-95,261, it won't hit 93,800. Instead, it will oscillate within the pattern and then push back up toward 98,000. Failing to break through 98,000 on the first attempt isn't a big deal; there's still a second chance. But if the second attempt also fails, be alert—there could be a deep correction ahead.
Trading Suggestions:
• If Bitcoin breaks above 96,917 with volume, consider going long on the right side; if it falls below 95,753 with volume and can't recover, consider shorting on the right side—remember to set your stop-loss.
• Hourly level: If it stabilizes above 96,917, look for a move toward 98,050-99,292; only break above 96,917 gives a chance to take off.
• 4-hour level: If it falls below 96,126, watch for support at 94,655-93,557.
• Resistance levels: 96,917-98,050-99,292
• Support levels: 95,572-94,408-93,801
$ETH Trading Ideas:
Bitcoin also needs volume to break above 3,341; then consider going long on the right side, remember to set your stop-loss. If it falls below 3,310 with volume, consider shorting on the right side, don't forget to set your stop-loss.
If the price retests 3,223 and confirms support, add one long position; if it falls below 3,183, stop-loss. On the hourly chart, if it stabilizes above 3,341, look for a move up to 3,379-3,453. Keep an eye on the 3,403 level above—consider shorting if it reaches there, with a stop-loss at 3,453.
Previous left-side spike order: long at 3,148, stop-loss if it falls below 3,103.
• Resistance levels: 3,341-3,379-3,453
• Support levels: 3,312-3,281-3,221
• 4-hour level: if it falls below 3,309, look for support at 3,271-3,221
For detailed trading logic, see the comments 👇