1.29 Evening market tweet draft
Last night
$BTC surged to 90500 but couldn't hold it, funds ran away faster than anyone else. At 3 AM, the old shoe dropped, and the market directly experienced a wave of 'negative news realization' style decline, now hovering around 87800.
But here comes the key point: On the 4-hour chart, the line at 86000 clearly stopped the decline, and the subsequent lows are continuously rising, which is a typical sign of bearish exhaustion, with bulls decisively buying below. The lower Bollinger Band has flattened out, indicating that the one-sided downward trend has shifted to a consolidation and repair phase. The MACD green bars are continuously shortening, and the main downward momentum is clearly weakening.
My judgment: The short-term structure is biased towards a bullish rebound, and there might be some space to take advantage of. However, the main theme of the larger trend is still a rebound to the downside, so it's still too early to say it's bullish.
Evening operation suggestion:
$BTC : Enter long around 87000-87600, with the first target at 89000 and a breakout target at 90500.
$ETH : Enter long around 2880-2920, with the target at 2980 and a breakout target at 3060.
Additionally, I am very optimistic about project
#Synbo , everyone should take a look at it.