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#美国核心物价涨幅不及市场预估 January 16 $BTC Market Observation
A friend asked, now that the market is starting to dump, is there still a chance to continue going long? This question needs to be clarified—has the trend been broken? No. Since the upward channel is still intact, then a pullback is just a buying opportunity.
Yesterday, we mentioned that around 95,000 would provide support, and the market did indeed bounce from this level. The current situation is that the price is fluctuating within the support zone but has not been able to break through 98,000 to push towards the higher 100,000. This wave of increase seems to lack momentum, but the key point is that the daily support at 95,000 still holds— as long as this line is not broken, there is still potential for further upward movement.
For operational ideas at this stage: medium-term bulls can continue to hold, while taking advantage of short-term fluctuations to buy low and sell high.
Technical reference points:
Support below: 94,500-95,000
Resistance above: 98,000, 100,000
Currently, the outlook is still bullish, but there's no rush to add positions. If the daily closes below 95,000, then it’s better to exit and observe.
Regarding $ETH: The performance of altcoins is noticeably weaker compared to Bitcoin, so the allocation should still prioritize BTC. Ethereum is only suitable for light positions to follow along.
The market is in a recovery phase but has not yet formed a clear climax, which means altcoins should be avoided for now. The strategy is simple: keep an eye on Bitcoin and Ethereum, buy on dips, and avoid chasing small coins blindly.