January 20 Will Bitcoin’s downward trend continue? What exactly caused the recent decline in Bitcoin? What should I do next?

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BTC market analysis: #BTC

The market rebounded again after a strong dip to the 40300 line in the early morning. After touching the 42200 line above, it began to pull back. The pressure above is still heavy. Judging from the current market sentiment, it is a continuous circuitous and oscillating trend. In the early morning, after the pin reached the 40300 line, it was accompanied by two big positive lines. The current price of the currency has also moved from near the lower track to above the middle track. The MACD double lines are diverging upward below the zero axis, and the KDJ third line has turned to the direction. Below, the bullish energy column shrinks. The currency price is currently in a sideways and volatile trend. As long as there is no news impact on the weekend market, there will generally be no big moves, and there is a high probability that it will be another volatile day.

At the 4-hour level, the currency price is in a volatile downward trend, the Bollinger Bands are opening downward, and the currency price is running below the mid-track. Last night, I tried again to test the 40,000 mark below, but failed to get a continuation. The current support of the 40,000 mark is still critical for the short term. Once it is broken, it is likely to plummet again. At present, in the short term, there is still a need for a correction. After the strong negative pressure fell back in the early stage, the market corrected for a long time, and then went down again after the correction. Judging from the current trend, it is still difficult for the bulls to get out of the continuation. If the subsequent market cannot stand up and If it stands above 42200, then the subsequent market can be operated with the idea of ​​​​rebounding short.

Ether market analysis: #Ethereum；

The Ether market rebounded after stepping back to the 2415 line in the early morning. The rebound touched near 2505 and came under pressure. At present, in the 4 hours here, the currency price is running below the middle track, the Bollinger Bands are opening downward, the MACD double lines have a bonding and diverging upward trend, the KDJ three lines are running upwards, and the short energy column is shrinking. The currency price has been testing the 2400 mark many times, but it has not been effectively extended, indicating that it is currently supported at the 2400 mark. Currently, the market is still fluctuating between 2500 and 2450. In the subsequent market, if it can move upward and stand firmly above the 2500 mark, the price will rise again;On the contrary, it may still be in range oscillation, and if the oscillation lasts for too long without an upward break, then there is still the possibility of another dip. The market fluctuations on weekends generally do not fluctuate too much and should still be in a volatile trend.

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