Happy Lunar New Year!


Bitcoin and Ethereum have been fluctuating wildly these days, which is indeed not good for trading continuity. However, with smaller positions, regardless of long or short, you won't get trapped.
Pay attention to the movement of gold and silver during tonight's US stock market hours. Gold is currently hovering around 4960. If this level can't hold, the large gap below is 4400. If gold loses this support, it will still be a downward link for the crypto market.
The US dollar index continues to strengthen, once again challenging the 97.27 resistance. If this barrier is broken, and it stabilizes above 97.4, it will accelerate past 98.23. Including Japan's 10-year government bonds, which are also rising. The strength of these two indicators is not good news for the crypto market; always keep an eye on the dollar index and JP10, these two inverse indicators.
MicroStrategy, after this violent Bitcoin drop, rebounded 8 points during last week's US stock market hours. Tonight, be sure to watch if it can stay above 133; holding steady could mean a chance for oscillating upward. However, its clear loss at cost price makes the entire market uneasy — it cannot fall apart.
Finally, hold steady. These three words are a sincere warning earned through real money. Look, I myself didn't hold steady last week. I always advise everyone, and you don't advise me back 😂.
But I believe that being able to eat a 10,000-point drop in Bitcoin and a few hundred points in Ethereum multiple times, these small losses are not a big deal 🤭. Let's all work together, 🐎, towards success, 🐎 and prosperity. $BTC
BTC-0,42%
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