Midnight Deep Talk:

Another week begins, and looking back, time really flies. There’s also half a month left until the Lunar New Year.

Review of last week’s overall market. Last week opened at 86,628, high of 90,599, low of 75,658, and closed at 76,946. The overall decline reached 17%. The downward trend continued, and this Monday, the price dipped again to 74,569 before rebounding to around 79,000. The market has experienced two consecutive weeks of sharp declines and pullbacks. The medium- to long-term plan set by Young Master Zhao to build positions in batches above 90,000 to 95,000 has successfully reached the first and second target levels at 75,000.

From a macro news perspective, the ongoing interest rate cut issues that run through the entire market have a direct impact. Currently, the Federal Reserve’s overall rate cut expectations have cooled, causing the market to retreat. The surge in precious metals has diminished the appeal of the crypto market. Whales are selling off, panic sentiment is increasing, and tariffs and regional border policies are directly and indirectly affecting market volatility. Meanwhile, the nomination of the more hawkish Kevin Waugh by Old Trump has led to an expansion in market declines.

Returning to the crypto market data, currently, the monthly candlestick shows a downward crossing with a closing upper shadow and a bearish candle. The MACD is in a death cross heading downward, and the KDJ indicator is dispersing downward. The resistance level to watch is around 90,000, while support levels are sequentially at 70,000, 65,000, and 56,000. The weekly candlestick structure shows an increase in bullish candles with a rebound, with resistance near 81,000 and support near 71,000. The overall trend remains downward, with a crow-like pattern emerging. The daily candlestick shows a gradually shrinking bearish trend with a bullish lower shadow, operating near the lower band. The four-hour chart shows an increase in bullish candles touching the midline with resistance, and the hourly chart indicates a breakout.

The overall market trend still primarily points downward, with Young Master Zhao advising to follow the trend and operate accordingly—buying on dips and rebounds. For the upper side, consider short positions around 80,000-85,000, with support at 71,000-68,000. If broken, look at around 65,000. Short-term trading can focus on the range between 81,000 and 75,000, aiming for profits from the high and low points.

Young Master Zhao has set up daily, small, medium, and long-term trading strategies, all based on actual market conditions. No matter how accurate your market judgment is, risk control and defense should always come first. Chips are always your capital for trading. If you still can’t find the right direction or are unsure about market movements, feel free to reach out to Young Master Zhao for a chat. The Zhao Community welcomes your participation!