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#Strategy加仓BTC January 15 Morning Market Observation
Many people blame CPI data for this wave of market movement, but in fact, the market had been building up strength long before. CPI was just the trigger point; combined with various positive factors resonating together, the coin prices shot up directly.
Interestingly, Bitcoin's new high breakthrough this time has been shrinking. Previously, a single wave could push 4000-5000 points, but now it's only about 2000 points—this clearly indicates that the upward momentum is waning. Compared to last week, the surge is noticeably less aggressive.
But this doesn't mean a reversal is imminent. The current phase is still in the accumulation stage of the upward cycle, and it is likely to continue pushing higher later. There's no need for bears to rush to exit.
Looking at the market structure: Bitcoin's daily chart shows consecutive bullish days, with yesterday's strong breakout clearly indicating a bullish trend. However, on the hourly chart, it has been oscillating around 97,000, suggesting a short-term technical correction may be needed.
How are the technical indicators? The hourly MACD is above the zero line but the red bars are shrinking, indicating that bullish momentum is easing; the daily MACD red bars are still expanding, showing good continuation of the bullish trend. Regarding RSI, the hourly RSI has risen to 75, approaching overbought territory, increasing the risk of a pullback; the daily RSI remains above 70, maintaining a strong pattern. The moving averages are all in a bullish alignment, providing solid short-term support.
Overall, the strategy remains to buy on dips within the day.
$BTC: Buy at 95200-96200, target 97800-98800
$ETH: Buy at 3270-3310, target 3390-3430