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1.22 Thursday midday market analysis
What a wonderful show it has been. First, Trump announced he would not use military force to acquire Greenland, causing the stock market to double. Then the EU announced a suspension of trade agreements with the US. Bitcoin just broke below a new low, and Trump said he had reached a framework agreement with the EU on Greenland, canceling the tariffs previously imposed on the EU. Bitcoin immediately showed a V-shaped rebound, truly a day of eight directions.
TH, after testing 2800 twice yesterday, rose with positive news, closing above 2900 on the daily chart, indicating a continued rebound trend supported by 2900; in the short term, look at 2970 support, expecting a minimum of 3 K-line small rebound waves.
ETH trading suggestions: go long near 2970 with a stop loss at 2940, take profit at 3050; go short near 3050 with a stop loss at 3080, take profit at 3010-2980.