Bitcoin is Ready to Attack Heavy Support Zone!!!

1月10日

Today, January 10, key U.S. employment data, including Average Hourly Earnings, Non-Farm Employment Change, and the Unemployment Rate, were released, influencing global markets, including Bitcoin(BTCUSDT).

Stronger-than-expected employment figures suggest a robust economy, potentially leading the Federal Reserve to maintain or increase interest rates. Higher interest rates can strengthen the U.S. dollar(DXY), making Bitcoin and other cryptocurrencies less attractive as alternative investments, possibly exerting downward pressure on their prices.
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Bitcoin started to pump from the Heavy Support zone($93,400-$90,000), as I expected. (Bitcoin allowed us to enter a long position two times.)

Bitcoin is moving near the Resistance zone($96,800-$95,520), the upper line of the Ascending Channel, and near the 50_SMA(Daily).

According to Elliott's wave theory, Bitcoin seems to complete wave C of Zigzag waves(ABC/5-3-5). At best, wave C could rise to $99,000 (but unlikely).

I expect Bitcoin to go down based on today's US employment data and the fact that the U.S. DoJ received court approval to sell 69,370 BTCs. Bitcoin will attack the Heavy Support zone($93,400-$90,000) again soon, and this attack may be able to break this zone.

⚠️Note: If Bitcoin goes above $99,000, we can expect more Pumps.⚠️.

⚠️Note: We should expect more dumps if Bitcoin touches $93,500 before reaching the Resistance zone($96,800-$95,520) again⚠️.

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Bitcoin Analyze (BTCUSDT), 15-minute time frame⏰.

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1月11日

交易進行

Considering the market volume is usually low on Saturdays and Sundays, we may not see a Sharpie or main movement.

If the lower line of the ascending channel breaks, we can expect a further decrease in Bitcoin and confirm the end of wave C.

1月13日

交易結束：目標達成

Target Done