Track real-time hotspots in the currency circle, seize the best trading opportunities. Today is Tuesday, January 21, 2025. I am Wang Yibo! Good morning, coin friends ☀ hardcore fan check-in 👍 like and get rich 🍗🍗🌹🌹

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Yesterday, the former American president took office, and Trump welcomed the second highlight of his life. However, to the disappointment of many investors, the entire speech did not mention cryptocurrencies, causing huge fluctuations in the cryptocurrency market, especially the dramatic fluctuations in Bitcoin's price. In the morning, it dropped by 7,000 points, then increased by 11,000 points in the afternoon, and dropped by 10,000 points again in the evening. However, Trump had previously promised to list Bitcoin as a strategic reserve asset for Americans and planned to promote the FIT21 bill and stablecoin bill in the American Congress. These all indicate the expected legalization and compliance status of cryptocurrencies, which may have a positive impact on the market.
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Bitcoin successfully broke through the previous high yesterday, rising to the level of 109950, and then fell into a long period of high-level volatility. Especially in the early morning, when Trump announced his inauguration, the big pie plummeted straight down towards the direction of approaching 100,000. From a technical perspective, although the daily chart is currently closing positive, there is a long upper shadow, indicating that this kind of trend is also affected by the news and lacks momentum after a strong breakthrough, causing the price to quickly fall back. Therefore, in the case of weakened bullish momentum, we should not blindly pursue one direction. Moreover, the current price is at a high level on the daily chart, and with insufficient upward momentum, we need to pay attention to the market's retracement. The recent market is oscillating back and forth, so enter the market cautiously, take profit when there is room, and avoid greed.
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The trend of Ethereum shows a clear box oscillation structure. After the price rose to the 3455 high level, it retraced and reached the 3200 low level in the evening. The intraday volatility is about 250 points. After the bulls rose, they were heavily cleaned up by the bears, and the intensity was also very strong. Currently, it has touched the bottom support, triggering a strong rebound. When the price is close to the bottom, a solid support base is formed to prevent further decline in price. In the short term, continue to look for higher levels, and go long for the intraday surge. Therefore, the future trend is still relatively clear, with a bullish bias. In the short term, there may be some correction and retracement, but the correction is not a reversal, and it is still necessary to consider the bulls after the correction, while the correction is for a better rise!