Monday🗓️ "January 12th"



From a technical perspective, today’s midday pullback shows a clear "sharp decline followed by gradual recovery" trend. During the pullback, trading volume did not show panic selling, indicating limited selling pressure and more of a deliberate shakeout by the main players to clear out short-term holders.

After the price touched the support level, the EMA moving averages shifted from downward to flat, and the MACD indicator also showed a bullish crossover signal, all indicating that short-term rebound momentum is building, and an upward breakout is imminent.

Based on the current market characteristics, our trading strategy is very clear: use 90,000 as the core defense line, and the pullback is a good opportunity to establish long positions.

Operational strategy reference:
BTC🎯 89800-90300 range, target 91800. After breaking through, focus on 92300~92800.

ETH🎯 3070~3100 range, target 3170. After breaking through, focus on 3220~3250.

Market volatility is a normal part of trading. This pullback and shakeout are to accumulate momentum for a stronger upward movement later. Please strictly manage risk.
BTC1.21%
ETH-0.12%
View Original
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)