The bears are retreating step by step, and the strategy has already incurred losses! 2.1 Bitcoin Auntie's Strategy

In the last trading week of January, the precious metals and virtual currency markets experienced extreme volatility, akin to meme stocks with intense fluctuations. Gold and silver once again broke historical highs, but then both faced a cliff-like reversal. Virtual currencies also fell below their near nine-month levels, with Bitcoin breaking below 76,000 and Ethereum dropping below 2,300. The bulls are retreating steadily. Although the bearish outlook aligns with expectations, I provided a bottom-fishing strategy expecting a weekend rebound to repair the indicators. Unexpectedly, the weekend continued to be bearish due to the government shutdown, and long positions were unfortunately stopped out!

The daily chart shows Bitcoin Auntie continuing to close lower this morning, with three consecutive bearish candles, each with long lower shadows. However, the rebound strength is weak. Although it has broken below previous support lows, it quickly rebounded quite a bit. Still, the daily indicators remain clearly bearish. Therefore, the intraday strategy remains to rebound and short, with an attempt to go long at the low points!

2.1 Short-term Strategy:

Short Bitcoin on rebounds between 80,000-80,500, conservative entries at 81,000-81,500, with stops around 82,000. Targets are around 79,500-79,000-78,500, and if broken, move stops to protect profits at around 78,000-77,500-77,000-76,500, adjusting stops as the situation develops!

Short Ethereum on rebounds between 2,500-2,530, conservative entries at 2,580-2,620, with stops around 2,670. Targets are around 2,450-2,400, and if broken, move stops to protect profits at around 2,350-2,300-2,230, adjusting stops as the situation develops!

2.1 Long-term Strategy:

Attempt to go long on Bitcoin retracements between 75,000-75,500, with stops around 74,000. Targets are around 76,500-77,000, and if broken, move stops to 77,500-78,000-78,500-79,000, adjusting stops as the situation develops!

Go long on Ethereum retracements between 2,250-2,280, with stops around 2,200. Targets are around 2,350-2,400, and if broken, move stops to 2,450-2,500-2,550, adjusting stops as the situation develops!

The bears continue to dominate deep into the night. Yesterday’s long positions were all wiped out. The continued bearish trend over the weekend is likely due to the upcoming government shutdown. Currently, the technicals have not confirmed a bottom, so it’s only possible to try to go long with caution and proper stop-loss to manage risks. The bears are nearly done with their liquidation, and there may be a second bottom test later! #加密市场回调