"1.22 Market Analysis: Choose to pull back at the point where it should go down the most, then continue holding positions"

Last night's market once again chose to consolidate, responding to yesterday's low of 87,800 by breaking below and then pulling back. Many people's positions were scared out, only to be pulled back up—that's exactly the effect of consolidation. How to change the trend? I posted about this yesterday; only a series of daily bearish candles will do. So yesterday, the best move was to choose a pullback at the point where it should go down, and there's nothing else to say. Recently, it will pull back to 91,000 before entering a narrow range of oscillation. We can continue holding the long positions built on the left side.

$BTC Bitcoin support today is at 88,400. If the 1-hour closing price is above 91,300, it may enter the next oscillation range. So as long as this rebound reaches this level this week, next week can enter a narrow range, laying the foundation for the trend upward in early February. Therefore, a pullback to 91,000 and oscillation is a big victory. Pay attention to this area!

$SOL Satoshi was the only true man yesterday—tough indeed. We look forward to his performance later. Support is at 127, and if the 4-hour closing price is above 133.7, further upward movement is expected.

$ETH Ethereum support is at 2940, with resistance at 3135. If the hourly close is above this level, further gains are possible. So we can only wait patiently!

In summary, yesterday's market chose to pull back at the point where it should go down the most, so there won't be another chance to go down afterward. Therefore, we continue to hold positions. As long as we scare out all the bulls, the final victory will belong to us. If you don't understand the market or can't grasp the direction, welcome to join the Chief. Click to join the Chief's community (Follow the Chief for daily latest market analysis and precise entry points; long and short positions are for reference only. Strict stop-loss and take-profit).