[Red envelope]2024/01/19

Morning thoughts and analysis:

Yesterday, the white market has been in a narrow oscillation pattern, with only a few hundred points of upper and lower space. However, it is obvious that the strength of the short side is constantly increasing and the bulls are unable to resist. It was a one-sided situation early this morning, and it fell directly below the trend support line. Being crushed by short sellers, the skirt also gave a clear reminder of the risks yesterday!

After falling below the previous trend support line, the next support level can be found near the lower edge of the previous box at 40950. This position has been tested by the market many times in the early stage. The support is very strong and there is a high probability that it will be repeated!

BTC from the 4-hour K-line level:

Lower support level: 40950 (+-100)

Strong pressure level above: 43900 (+-100)

After waiting for almost a week, I am ready to open a position when I have the right opportunity!

My point of view is still the same, only fight sure battles and only make layouts with a high profit-loss ratio!

Don't be impatient, the water will flow slowly, and you will have unlimited possibilities if you keep living!

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