The US dollar index plummeted, and shorts are celebrating, while the crypto prices are bottoming out again! 1.28 Bitcoin "Mistress" Strategy

Senate Republican Leader Mitch McConnell stated that both parties are negotiating with the White House on government funding issues. Trump's tough immigration measures in Minnesota sparked public backlash, with Democrats opposing funding the Department of Homeland Security without new security measures and threatening to force a partial government shutdown. As the January 30 funding deadline approaches, multiple agencies' funding may be affected. Against this backdrop, the US dollar index plunged to its lowest in four years! Yesterday, the crypto prices showed little fluctuation all day, with a slight retracement at midnight that stopped the decline and rebounded. The long-side strategy provided was in line with expectations, and Bitcoin has been traded, currently gaining nearly 2,000 points. Following this, you can move the stop-loss to lock in profits!

The daily chart shows Bitcoin "Mistress" closing again with a large bullish candle, indicating a potential breakout above the 60-day moving average. The KDJ indicator on the chart has formed a golden cross and is about to diverge, combined with several doji candles that haven't gained momentum. So, for now, hold many long positions, wait for retracements, and continue to lay in wait!

1.28 Long Entry Strategy:

Buy on Bitcoin retracement at 87,500-88,000, conservative entry at 86,500-87,000, with a stop around 86,000. Target near 89,000-89,500-90,000. If broken, target around 90,500-91,000, and continue to move the stop-loss to lock in profits based on market situation!

Ethereum retracement at 2,900-2,940 for long entry, conservative entry at 2,830-2,860, with a stop around 2,780. Target near 2,950-3,000, if broken, target around 3,050-3,080, and continue to move the stop-loss to lock in profits as needed!

1.28 Short Entry Strategy:

Attempt to short Bitcoin rebound at 91,000-91,500, with a stop around 92,000. Target near 90,000-89,500-89,000. If broken, target around 88,500-88,000.

Ethereum rebound at 3,060-3,080 for short, with a stop around 3,120. Target near 3,000-2,970, if broken, target around 2,950-2,920-2,900.

The trading strategies have all been updated. Those who have followed recently should have made significant profits. Currently, gold and silver are rising strongly, and US stocks remain high, attracting capital. The crypto market lacks funds to push prices higher, so under this background, it’s not overly optimistic for the time being. Wait for clear positive news before planning medium- to long-term positions!#内容挖矿焕新公测开启