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January 14 Cryptocurrency Market Analysis + Crypto Information Gap
Strategy: ✅ Three shorting opportunities ❌ First attempt failed ✅
1⃣ Market #BTC # ETH current key support levels:
$BTC Long
Open position: Order 1: 94076 Order 2: 93258
Stop loss: 91689.44
Take profit: 97500
$ETH Long
Open position: Order 1: 3289 Order 2: 3235
Stop loss: 3190
Take profit: 3480
2⃣ $BTC $ETH The market was still very strong yesterday
94444.44 was broken through, and the short position betting failed, exiting at stop loss
Missed the high point, but it doesn't affect subsequent actions. Since the market has already started a strong upward move, you can start going long in a day or two, with proper stop loss in place.
Because the rapid upward surge here still carries risks, use the daily chart as the standard for execution. The weekly and monthly charts are still in a downtrend. If your pending orders don't get filled, and today continues with a strong upward move, you can choose to place a short around 97500-98000.
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All opinions are personal views only
Not to be taken as any investment advice