#数字货币市场回升 January has passed just like that, the market gave us a harsh lesson.

This wave of selling is quite severe, with BTC dropping all the way down to around 80600 before stabilizing, and ETH even touching 2618—signals had actually been quite clear as early as when it broke key integer levels. The waterfall is seen daily, leaving people feeling anxious.

However, this week has seen a rebound and repair, with back-and-forth tug-of-war between bulls and bears, causing quite a shake. I have executed 18 trades in the real market, with BTC earning a profit of 13,418 points and ETH also gaining 421 points. To be honest, the volatile period is actually a good opportunity; it just depends on who can position themselves well in advance.

The market is still in the recovery phase, and the direction for bulls and bears is not very clear, but the bearish sentiment is becoming stronger. Before the interest rate cut in December, it is highly likely that there will be another round of slight consolidation, so it is advised to avoid overtrading in short-term operations.

From a technical perspective: The monthly line shows that BTC has rebounded but has not even maintained the middle track support. The short-term correction may be nearing its end, and the continuation of the decline is strengthening. The weekly bearish pattern has not changed, and the MACD death cross is still present. The strategy is to continue shorting on rebounds at high points.

Price reference: BTC first looks at 87000, if it breaks, it will aim for 80000; ETH first looks at 2850, if it breaks, the target is 2600.

Fluctuation and correction are the norm; the key is not to be carried away by emotions.