Director's 945th original daily market analysis 2023.1.1
1. Market sentiment:
2. Chart structure:
1. Big Pie
The structure of the pie 1H:
As expected, Bitcoin is building a new 1H center here. It is estimated that it will most likely continue to move downward in a 1H decline, and then see the strength of the decline to determine whether the 4H decline has ended.
If there is a divergence, there is a probability that the 4H decline will end. Let's see if there will be a 1H or 4H bottom divergence, or at least a 1H rebound trend. I wish you all a happy new year today.
The structure of the 15F pancake:
From the structure on the right, we can see that currently only the first 15F decline has been executed, and it is in a small rebound in the short term. The first 15F decline has not yet ended. We need to wait patiently for the first 15F decline to end before looking at the second 15F rebound. The height of the second rebound determines the strength of the third decline.
In the short term, there is still a small fluctuation.
2. Concubine:
The structure of Aunt 2H:
If we regard this place as a large center, the price is currently oscillating in the lower half of the center.
According to my personal experience, the probability of going down here is relatively high, and there is still a risk of falling here in the short term. It is recommended to hold the spot slowly and wait patiently. Futures are not easy to operate here.
END
Kind tips
Investing is risky. When investing with spare money, remember to never fill your position or take out loans. We only provide information, which does not constitute a recommendation for buying or selling. You are free to buy and sell at your own risk.