Can BTC price recover and surpass $100,000 this week?
Bitcoin is steadily approaching the $100,000 milestone as the cryptocurrency market turns bullish in January 2025. Bitcoin surged 1.42% in the past 24 hours to maintain its dominance above $96,000.
However, this gradual growth has not been met with significant institutional support from the ETF market. With BlackRock seeing its largest ever outflow, will Bitcoin price continue its upward momentum?
In the 4-hour chart, BTC price trend shows a bullish breakout of the local resistance trendline. With the reversal after the retest, BTC price bullishly recovered at the $96,000 level, marking its third consecutive up day.
BlackRock sees outflows as other Bitcoin ETFs recover Despite the bullish trend in the market, institutional support for Bitcoin continues to weaken. This has led to a net outflow of $242.3 million on a daily basis. Notably, the negative flow of the largest Bitcoin ETF BlackRock on Thursday was its largest outflow ever.
Bitcoin’s bulls may target the $99,455 pressure level. A breakthrough could significantly increase Bitcoin's chances of retaking the $100,000 mark in January 2025.
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Today's market finally raised its head. Last month, it was mentioned that the market would start to pick up after the 4th of this month. The current market is enough to reflect the importance of trend control, and the market has also responded to our waiting
From the trend, the big cake broke through the resistance near 98,000, supported at around 97,600, and then the resistance was at 99,000. If it breaks through and stands firm at this position, the big cake above 10 will appear again
Ether also broke through the resistance near 3510, and now supports at 3500, with upward resistance at around 3910. The breakthrough of Ethereum also brought a decent rebound to the entire cottage
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Family members: Wall Street dealers are back to work! Ethereum Chain continues to issue additional funds, and funds from large institutions and big investors continue to flow into the market. Ethereum will lead the market in the future. Ethereum ecological tokens: ena, uni, ssv, ethfi, ldo Other short positions: aave, comp, op, link, doge Choose three of the above coins to buy at low prices. This round of wealth is very stable #比特币战略储备
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Bullish
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Don’t think that the big cake will always lure more and deceive p. It has deceived four rounds of lure more and deceived p before. Many players thought that the dog dealer would play this trick again to open short orders, but they didn’t know that the dog dealer would not lure more this time but lure short! So don’t take it for granted that the big cake will lure more again if there is a pressure point above it! This is also the reason why Brother Lie has been shouting more since yesterday, because the obvious structure has changed to the main rising wave structure at the hourly level, and the main rising wave will break through the pressure point you think! In fact, the reason why the previous one lured more and deceived p is because from the structural point of view, it is an hourly level oscillation wave, so if you don’t understand the structure, it is undoubtedly played by the dog dealer! Therefore, Brother Lie’s five-segment wave analysis method can not only escape the top and take refuge, but also get on the bus on time without stepping on the air!
Don't do it when you are temporarily watching the market. Make temporary buying and selling decisions, plan your transactions, trade your plans, don't rush, and operate everything according to the plan and rules. The more obvious the trend, the easier it is to make money. If you don't have patience and skills, then do the most obvious trend. If the trend is unclear or the consolidation period, give up. There is only one straight line between two points, and there are countless curves. In other words, there is only one correct straight line route, and there are many deviations. The same is true for trading. The profitable methods are similar, and the loss methods are varied. You can predict, but don't bet on the predicted results. What you can do is to prepare for various possible countermeasures. The best way to prevent the stop loss line from being touched by a slight change is not to eat a heavy position at once. What issues need to be considered when closing a position When you want to close a position, you need to think about why it is closed, what is the reason, whether it is to achieve the planned goal, or something went wrong, whether the profitable position should be closed in advance, all of which need to be carefully analyzed and thought about. #OP.智能策略库 🥇🥇$OP
Short sol? You failed, right? I specifically reminded you guys not to short kol last night. I told you that sol is in the main uptrend of 2h level, so since you are not allowed to short sol, why not go long sol? So cognition determines trading behavior! In the structure of the main uptrend, the pressure points you think will be ruthlessly broken through, and in the structure of the main downtrend, the support points you think will be ruthlessly penetrated. This is the biggest reason why the points that teachers asked you to take during the period from 10w+ to 92000+ were frequently penetrated and failed! Remember, the structure is always greater than the point, otherwise the profits you made in the shock wave will definitely be returned and you will lose money! Do you remember the five-wave chart of sol that Brother Lie used the five-segment wave analysis method yesterday? Okay, I will attach it again!
With so many Alpha projects, most of their market values are not high. Such investments require broad exposure; you can't just pick a few. Of course, with this kind of investment, don't expect particularly high returns, as some may surge by dozens or hundreds of times, while others may head towards zero. Buying now is fine, but it would be even better to wait for a dip to buy in, as often there has already been a surge when they first launched.