1.29 Is the Bitcoin short trend over? US$40,000 was successfully recovered! Is the next rebound near $45,000?

Bitcoin market analysis:

I haven’t followed the BTC market trend for a few days, and the current price has returned to above 40,000. Due to an accident, although the matter has not been resolved yet, I can give you an update. The general update will be as usual, and you can watch it on time.

Although the public account has not been updated in the past few days, there are many reminders given to everyone before, whether it is the risk of falling below 40,000, or recovering above 40,000 after falsely falling below, we have all given reminders.

The contents of the pictures are all analyzed by the public account No. 22. We hope to help everyone avoid risks! I believe that the general's control of the direction is worthy of everyone's trust!

Judging from the trading volume when the price dropped to around 38,000, there was an obvious abnormality in volume and price. The short sellers continued to increase the volume, but the decline was not large. Therefore, this round of rise has broken back above 40,000, which can confirm that the short trend is over. At least the downtrend has been broken.

Therefore, if partners who have entered the market after recovering US$40,000 can continue to be bullish, and the next target is around 45,000, partners who have not entered the market can also wait for the opportunity to enter.

BTC's current rebound is blocked by the Fibonacci 0.382 line. This line is also the central axis of the previous consolidation, so there is resistance. Faced with such resistance, you can either wait for a breakthrough signal before considering entering the market. You can choose to go long by referring to the $42,800 breakthrough.

Another option is to wait for a pullback near 40,500, and then go long after completing the pullback. Currently, there is a possibility of a pullback when it is close to the resistance, so don’t be too eager. There is a chance to enter the market near $40,000.

This is today’s strategy. The content is for reference only. Please pay attention to investment risks!

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