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Friday Morning Thoughts for 1.16
From the current chart, the market rebounded sharply after a quick pullback, with the candlestick recording a long upper shadow pattern, indicating that the bullish momentum has significantly weakened. The MACD indicator shows a death cross that continues to diverge, with the bearish force dominating the short-term market. The Bollinger Bands are opening downward, so the recommended trading strategy is to focus on short-term rebounds at higher levels.
Market: 3340-3370 range for short positions, with a target around 3200.
Aggressive traders can consider entering in batches, with proper defensive positioning. #中文Meme币热潮 $BTC