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Central banks accumulate gold to gather courage and resolve in order to issue more currency, thereby further diluting the purchasing power in the hands of the public
On January 26, the chef 🧑🍳 latest market analysis
BTC weekly chart, daily chart
Currently, both are highly consistent with the second phase of a bearish flag pattern
The white part of the image represents the standard bearish flag The black part of the image is the current trend of BTC
📉 Three steps to form a bearish flag
1️⃣ Sharp decline phase (flagpole)
❗️ Last year, it dropped from 120,000 to 80,000 ❗️
A quick and decisive drop occurs, Panic selling and active sell orders are concentrated, The price almost plunges without looking back —— This step determines the domination of the bears.
2️⃣ Flag surface consolidation (inducing long phase)
❗️ Last year, it slowly rose back from 80,000 to 98,000 ❗️
After the decline, selling pressure temporarily weakens, The price begins to slowly recover or oscillate horizontally.
The trend shows:
High points gradually rise
Low points gradually rise
Clear upper and lower boundaries, regular channel
⚠️ This step is the easiest for people to mistakenly believe that it is about to reverse, But in essence, it is just a resting phase for the bears.
3️⃣ Breaking down and continuing to fall (main drop)
❗️ Once it breaks below 80,000, the price will plummet, at least down to 70,000 ❗️
When the price effectively breaks below the lower edge of the flag, The buying defense line is breached, The bears regain strength, A second rapid decline often occurs 📉
The entire pattern looks like: 👉 A flagpole + A flag + Another drop ⚡
Once this pattern is formed, the bears will completely dominate the market Buying will lead to panic selling
What is the relationship between Greenland and gold prices?
What does the United States' desire to buy Greenland have to do with gold prices?
The United States wants to buy Greenland from Denmark. Denmark firmly disagrees and has brought in 7 European countries to support its position, planning to hold a joint military exercise to express its stance.
When Trump saw this, he immediately imposed tariffs on these 8 countries.
Once the tariffs are imposed, it will become more difficult for companies from these European countries to do business with American companies.
They might have already negotiated prices and signed contracts, but suddenly there’s an additional cost of tariffs. Isn’t that annoying?
An increase in business costs will lead to reduced profits for companies, which will further cause stock prices to fall.
When investors see that stocks might drop, no one wants to lose money, so many will consider selling their stocks first, waiting for this turmoil to pass before making decisions again.
However, converting to cash also has a problem: cash will depreciate.
The reason is that after tariffs are added, some merchants will pass on the cost of the tax to consumers by raising prices, making many goods more expensive.
If things become more expensive, it means money becomes less valuable, so converting to cash isn’t a great option either.
After thinking it over, buying gold is the safest bet.
With a lot of money going into buying gold, the price of gold will naturally rise.
This is why when the Greenland crisis escalates, gold prices go up.
Currently on the 4-hour chart and 1-hour chart Prices are fluctuating around the 7-day and 25-day moving averages
Forming a triangular fluctuation area Due to the U.S. stock market being closed for six days The cryptocurrency market is less volatile Due to low volatility, profit margins are limited Leverage can be appropriately increased; precisely because of low volatility, there are no dramatic ups and downs, reducing the risk of liquidation
Mainly focused on the triangular area Short at high (90700) Long at low (89000)
Set stop-losses properly Short stop-loss at 91300 Long stop-loss at 88600 Wait for the triangular area to break and find a new direction You can follow the trend and appropriately chase long and short positions
$BAT Trading Strategy $BAT Bounced from key strong support level, buyer strength is active again. The price stabilized and rebounded after a downward move, with bullish signals appearing.
Operational Advice: It is recommended to adopt a steady rhythm layout, enter in batches, gradually take profits, and ensure comprehensive risk management throughout.