从小有个百万梦

2024.2.5 Market Analysis
Good morning everyone, this market analysis is the last analysis of the year, and I will have a good New Year from now on. As mentioned before, there is generally no big market situation before the New Year. Domestic institutional investors and retail investors have to go home to celebrate the New Year, so don’t mess around during this period and make dumplings at home to buy New Year’s goods. I am still looking forward to the market situation in 2024. This year, the pie will be halved, Ethereum ETFs, and the Federal Reserve will cut interest rates about three times. These are all real benefits. K-line technical aspects are all created by funds. With the hype, funds will have the desire to rush.

Let’s look at the monthly chart 1 first: the long-term trend of the market is strong, and it has closed positive for five consecutive months, which means that the bulls have strong energy. However, the high-level cross star Yang line in January shows that bulls are also confused about the next market trend, so the path here is so entangled, and there is little value in participating.

Let’s look at the second weekly chart: the weekly bull volume can continue to slump, and it should call back above 38,000 to find secondary support. The callback time can be as short as half a month, or as long as 2 months. What is more uncomfortable is that the correction time is stuck after the year. Generally, the market will become active after the year. At this time, the technical aspect looks like a correction, and the sentiment aspect is bullish, and the market will be difficult to operate.

Finally, let’s take a look at the daily chart: The daily rebound should be over. The highest point of the rebound reached the early pressure level and it could not be overcome. Subsequently, the perineum fell to above 38,000 to find support.

To sum up: take a good rest in the past few days before the new year, and fight again after the new year. Everyone has a good New Year, and make trading decisions based on the market after the new year. I wish everyone a Happy New Year in advance. In 24 years, everyone will make a million [call][call][call]

In 2024, we will focus on Binance and strive to make Binance the largest in terms of profit scale. I hope everyone will make millions this year🤣🤣🤣

Let's advertise for ourselves, with a principal of 10,000, the profit will be over 1 million, and we will steadily hit the low retracement! The leverage for opening an order should not exceed 10 times. I usually open a position with a principal of 20,000 U.S. dollars. It is recommended to follow in proportion. After placing an order, I will stop the loss. Generally, the price is a few hundred dollars. You can also stop the loss manually by yourself. The currency market is highly volatile, so you will suffer losses if you follow orders!