Evening of 1-16: Bitcoin Auntie Ta trades sideways with oscillations, Black Swan alert sounded on Friday!

Bitcoin Auntie Ta has been stuck in a narrow range throughout the day, with both bulls and bears fiercely battling at the current price levels. The market remains in a tug-of-war, showing a state of stalemate, and has yet to break the deadlock.

Looking back at previous movements, the market surged continuously with sharp increases, but after hitting new highs, momentum clearly weakened. Short-term technical indicators have already shown divergence signals, which is an important early warning that the market may soon undergo a correction! Especially noteworthy is that Friday night has traditionally been a high-risk period for Black Swan events, and major funds are highly likely to use “spikes” to shake out traders, catching the market off guard!

Old Guo has always been bullish, but markets never run wildly in one direction forever. A brief pause is just to gather strength for a longer run! At this point, it is recommended that traders holding positions decisively reduce their holdings to lock in profits; securing gains is the best strategy. For those without positions, do not blindly chase highs to avoid becoming the bagholder at a high level! We go short first, then long.

Short-term trading advice: support at 93,000-94,000. If the market pulls back to this range and stabilizes, it will be an excellent opportunity for low-cost entry! #BTC #ETH