Bitcoin just closed with a bullish candlestick at 8 o'clock, boosted by CPI data, pushing Bitcoin back to the 100,000 level. After the close, Bitcoin fell back to 99,000, but based on the current market conditions, Bitcoin is expected to continue its upward trend today, with three consecutive bullish candles, with resistance near the previous high of 102,000. According to the three reversal intervals of the shark form, the long defense of 90500 is temporarily placed at 96519; T1 target is reduced near the second interval of 102K; the tail position is placed in the third reversed interval pattern; we must also move the stop loss according to the current market to improve our defensive position and prevent profit rollback; the moving stop loss is still based on the lowest price of three consecutive closing lines on the 4H as the defensive position; Bitfinex saw a total liquidation of $348 million in the past 24 hours, with $127.5 million in long positions and $220.5 million in short positions. The Bitcoin ETF also saw a net inflow of 7,490 contracts yesterday, with 4,800 contracts from Fidelity, 523 contracts from Grayscale, and no movement from BlackRock. Friends passing by, please kindly follow me, which is the greatest support for me! The above information is only for market analysis and not for trading reference; more posts and information.
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#BTC 25.01.16 morning market overview
Bitcoin just closed with a bullish candlestick at 8 o'clock, boosted by CPI data, pushing Bitcoin back to the 100,000 level. After the close, Bitcoin fell back to 99,000, but based on the current market conditions, Bitcoin is expected to continue its upward trend today, with three consecutive bullish candles, with resistance near the previous high of 102,000.
According to the three reversal intervals of the shark form, the long defense of 90500 is temporarily placed at 96519; T1 target is reduced near the second interval of 102K; the tail position is placed in the third reversed interval pattern; we must also move the stop loss according to the current market to improve our defensive position and prevent profit rollback; the moving stop loss is still based on the lowest price of three consecutive closing lines on the 4H as the defensive position;
Bitfinex saw a total liquidation of $348 million in the past 24 hours, with $127.5 million in long positions and $220.5 million in short positions. The Bitcoin ETF also saw a net inflow of 7,490 contracts yesterday, with 4,800 contracts from Fidelity, 523 contracts from Grayscale, and no movement from BlackRock.
Friends passing by, please kindly follow me, which is the greatest support for me! The above information is only for market analysis and not for trading reference; more posts and information.