#比特币 How to view the trend of Bitcoin currently?
The high point formed on January 5 near 94800 is the support line.
The broken high point becomes the support line for the pullback, which is basic knowledge of technical analysis.
The trading volume on January 13 and 14 was also quite high, at a qualified level.
The current pullback is still relatively mild.
Overall, the upward trend has not been broken.
In terms of the external environment, the US stock market is maintaining an upward trend due to TSMC's positive performance, and the state of interest rate cuts and monetary easing of the dollar is also favorable for Bitcoin.
Conclusion: Go long on Bitcoin with half a position and see where it stands at the end of the month.
The high point formed on January 5 near 94800 is the support line.
The broken high point becomes the support line for the pullback, which is basic knowledge of technical analysis.
The trading volume on January 13 and 14 was also quite high, at a qualified level.
The current pullback is still relatively mild.
Overall, the upward trend has not been broken.
In terms of the external environment, the US stock market is maintaining an upward trend due to TSMC's positive performance, and the state of interest rate cuts and monetary easing of the dollar is also favorable for Bitcoin.
Conclusion: Go long on Bitcoin with half a position and see where it stands at the end of the month.