Market Analysis on January 5, 2022
The BTC price smashed to around 45,000 and pulled up again. Yesterday, we mentioned that BTC will oscillate at around 45,000–48,000. The band is the most stable. There will be a Federal Reserve meeting to see if the volatile market will change. There is a high probability in January. Wave bounce can give us a chance to get out.
Ens rebounded to around 42 yesterday and fell again under pressure. Below 40 is an opportunity to pick up cheap chips. If you are worried about the risk based on 10 points, you can consider the band to take profit if we cannot break through the moving average pressure.
Celo’s daily level has now broken through and stepped back, and the rising market has been confirmed. If it falls to near 5USDT, you can consider slowly establishing a position and wait for it to rise. First consider the pressure near 6usdt.
Xcad pay attention to the first support level of 7.3. If it is stable, it may step back and directly pull up. Pay attention to it. At present, the overall control is relatively high, and it can be intervened in 4-hour level combined with 15-minute k-line resonance.
Rose has now returned to the 4-hour level support. You can consider intervening first. The current daily level and 4-hour level have formed a resonance, and it is now the third day of adjustment. Because the current double-headed form is easy to form, it is not suitable for heavy-duty intervention. Consider first intervening in a short-term way, if you break through, then consider increasing positions.
The above analysis is for reference only. There are risks in the currency market, and investment needs to be cautious.