"Market Analysis for January 21: The road is long and arduous, but we will arrive!"



Zhuanzi has made another mistake. We have already taken left-side positions at 9.0w, 8.8w, and Satoshi 126. Since the price has come down here, and before it fully drops below 8.6w, the daily chart trend will not easily change, meaning a downward trend is not imminent. Therefore, this recent dip does not require too much concern. The more probable scenario is a false break below the low point at 89200 on the 8th. Meanwhile, the daily indicators still align with our original expectations, indicating that the script has not yet deviated from the track.

$BTC For Bitcoin, our left-side positions are fully established at 9.0 and 8.8. The next plan is to seek right-side entry opportunities after the daily chart enters a narrow range. Support levels are at 87200 and 85900, while resistance levels at 91700 and 94200 are two key points that can determine the strength of the market.
$SOL For Satoshi, we also completed the left-side positions around 126. Support below is at 123.5, and resistance at 136.5 is the dividing line between bulls and bears.
$ETH If Ethereum can push back above 3100, the market may turn stronger. Support below is at 2840. The overall major resistance level remains at 3260.

In summary, if the left-side positions are already fully established, then the next focus in January is on lying flat and finding the right-side entry points after the market enters a narrow range. We will only consider taking profits when Bitcoin exceeds 10w. If you are a short-term trader, ignore what I just said. After all, some expect prices to fall to five or six ten-thousands. As long as the trend has not completely changed, we will not alter our judgment. This is the quality a good trader should have. If you don’t understand the market or can’t grasp the direction accurately, welcome to join the Section Chief. Click to join the Section Chief community (Follow the Section Chief for daily market analysis and precise entry points. Long and short positions are for reference only. Strict stop-loss and take-profit are required."
BTC1,63%
SOL3,45%
ETH2,12%
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