As time flows, January quietly comes to an end. This month, the market has faced a severe downward adjustment, with a waterfall-style decline occurring consecutively. The market is rife with chaos due to intensive washing actions, with Bitcoin hitting a low of 80600 and Ethereum dropping to a low of 2618. This wave of retreat had long been signaled, as the breaking of the key level of 10 earlier was a clear warning. This week's market focuses on rebound repair, with fierce competition between bulls and bears, and fluctuating trends repeatedly staged. In actual trading, a total of 18 positions were laid out, with Bitcoin achieving a profit margin of 13418 points, and Ethereum securing a profit of 421 points. This situation is indeed the norm in the crypto world. The market repair phase is precisely a good opportunity for layout; with accurate early planning, one can often lead the subsequent profit rhythm.
Currently, the fluctuating repair market continues, and the direction of bulls and bears is not yet clear, but signs of a bearish start have gradually emerged. Before the interest rate cut in December, the market will likely experience slight washing. From a technical perspective, after the rebound of Bitcoin on the monthly line, the support of the mid-band of the Bollinger Bands has failed, and the short-term repair is nearing its end, with the downtrend continuing to strengthen; after breaking the weekly line, it rebounded near the lower band, with the MACD death cross pattern continuing, and bearish momentum is continuously increasing.
In terms of operation strategy, the main focus is on placing short orders at high levels during the rebound.
Bitcoin's target looks down to 87000, and after breaking through, it can look towards 80000.
Ethereum's target looks down to 2850, and after breaking through, it aims for 2600.
