1.16 Mainstream currency (BTC/ETH) market analysis:
Pie. After consecutive days of decline, it began to trade sideways, repeatedly going short at high levels, and the space for profit gradually narrowed, but the trend is still undoubtedly bearish, and the big frame of the market is still hovering directly between 40,000 and 4.5. If one side does not break, it is the prologue. At present, the price channel in the hourly chart is still flat, with a continuous negative trend of rising and retracing, there is little motivation for a strong reversal, and there are signs of a second death cross in MACD. In terms of today's operation, Li Long recommends looking at short positions on rallies, and entering Remember to make a risk control plan in batches.
BTC operation reference:
The area near 42800-43300 is empty in batches, and the target is near 42100-41600.
ETH operation reference:
Short positions in batches near 2520-2540, target 2480-2460, break position around 2400
(Note: There is a delay in the release of each website, and the position is for reference only)
