Wednesday🗓️ "January 7th"

Yesterday's BTC volatility was driven by two main factors: first, US inflation exceeded expectations, tightening rate cut expectations and the strengthening dollar suppressed crypto asset valuations; second, overseas institutions took profits above the 94,000 level, combined with increased short positions in futures, which intensified the pullback.

Strength is not about boasting, but about precise analysis. Yesterday, Ziqing's BTC and ETH strategies proved perfect. Entered Bitcoin at 92,500-93,000, target 94,500; Ethereum at 3,100-3,150, with the 3,250 target achieved, and the forecast of breaking through 3,300-3,350 fully realized. We bid farewell to confusion in oscillation and blind guessing. Let's seize the next profit opportunity together...

Back to the market, BTC 24-hour trading activity remains high. After breaking through the 94,000 level, the price quickly retreated, highlighting heavy selling pressure above. The 1-hour candlestick shows short-term moving averages turning downward, MACD forming a death cross, and bearish momentum gradually releasing; however, the price is still operating within the 91,200-94,400 range, with no trend-breaking signals yet, overall in a consolidation phase.

Today's trading strategy reference:
BTC🎯 91,500-92,000, target 93,000. After breaking through, watch for 94,000-94,500.

ETH🎯 3,150-3,200, target 3,250. After breaking through, watch for 3,300-3,350.

The current market shows obvious oscillation characteristics. Do not operate with heavy positions. Keep individual trade positions within 20% of total funds, and closely monitor the US retail sales data released tonight. If the data exceeds expectations, adjust positions promptly to respond to market fluctuations.

Ziqing will continue to track international macro news and capital flows in the crypto market, providing timely updates on market judgments and trading strategies to help everyone grasp the market rhythm.
$BTC ‌$ETH ‌