1.29 Market Notes: When the tide goes out, the truth is revealed, patience is the hard currency
Brothers, today is January 29.
Let's review the market trends of the past two days, which are actually very interesting. Yesterday, Bitcoin ($BTC ) tested the 90,500 position again. To be honest, this level is really tough; the bulls have charged several times, but as long as there is no volume, no quick breakthrough and stabilization, the selling pressure above remains objectively present.
As the old saying goes: only when it is time to rest can you charge when it’s time to charge.
Early morning Federal Reserve interest rate decision: the probability of a rate cut is very small, and it is likely to remain unchanged. The market script is completely following our analysis; those who understand will naturally understand, no need for further explanation.
Capital flow: Next door is celebrating, we are gathering strength
The current market logic is very clear—return to essence.
The gold market (Gold) next door is really fierce, advancing rapidly, with strong risk-averse sentiment. Since the big funds have run next door to “feast,” it is very normal for the crypto side to be a bit quieter and the volatility to decrease temporarily; this is a typical market rotation.
This is not a bad thing; instead, it gives you time to layout. At this time, remember not to become anxious; since the main players are resting, we should not recklessly sacrifice ourselves.
Today's practical strategy: range oscillation, high sell low buy
Based on the current market, Bitcoin $BTC has not yet shown signs of a unilateral market; we will continue to handle it as a wide fluctuation:
Upper resistance (focus point): 90,600.
It’s still that logic; as long as the 90,500 - 90,600 line cannot break through quickly with volume, this is the stronghold of the bears. Selling on the way up remains the main tone, do not blindly chase the rise.
Lower support (ambush point): 88,000 - 87,500.
A pullback to this range has strong buying support, and you can accumulate here in batches to bet on a rebound.
The best strategy now is to wait for the market to truly establish a bottom structure, then we can increase our positions.
Finally, I want to share a saying with everyone:
Trading is not about who operates frequently, but about who lives longer and sees accurately. Courageously take the correct step, and there will always be opportunities for a comeback.
Stay patient, see you tomorrow!
#金价再冲高位 #How far can the gold and bitcoin linked market go?
Brothers, today is January 29.
Let's review the market trends of the past two days, which are actually very interesting. Yesterday, Bitcoin ($BTC ) tested the 90,500 position again. To be honest, this level is really tough; the bulls have charged several times, but as long as there is no volume, no quick breakthrough and stabilization, the selling pressure above remains objectively present.
As the old saying goes: only when it is time to rest can you charge when it’s time to charge.
Early morning Federal Reserve interest rate decision: the probability of a rate cut is very small, and it is likely to remain unchanged. The market script is completely following our analysis; those who understand will naturally understand, no need for further explanation.
Capital flow: Next door is celebrating, we are gathering strength
The current market logic is very clear—return to essence.
The gold market (Gold) next door is really fierce, advancing rapidly, with strong risk-averse sentiment. Since the big funds have run next door to “feast,” it is very normal for the crypto side to be a bit quieter and the volatility to decrease temporarily; this is a typical market rotation.
This is not a bad thing; instead, it gives you time to layout. At this time, remember not to become anxious; since the main players are resting, we should not recklessly sacrifice ourselves.
Today's practical strategy: range oscillation, high sell low buy
Based on the current market, Bitcoin $BTC has not yet shown signs of a unilateral market; we will continue to handle it as a wide fluctuation:
Upper resistance (focus point): 90,600.
It’s still that logic; as long as the 90,500 - 90,600 line cannot break through quickly with volume, this is the stronghold of the bears. Selling on the way up remains the main tone, do not blindly chase the rise.
Lower support (ambush point): 88,000 - 87,500.
A pullback to this range has strong buying support, and you can accumulate here in batches to bet on a rebound.
The best strategy now is to wait for the market to truly establish a bottom structure, then we can increase our positions.
Finally, I want to share a saying with everyone:
Trading is not about who operates frequently, but about who lives longer and sees accurately. Courageously take the correct step, and there will always be opportunities for a comeback.
Stay patient, see you tomorrow!
#金价再冲高位 #How far can the gold and bitcoin linked market go?
