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Track the real-time hotspots in the currency circle, seize the best trading opportunities. Today is Monday, January 27, 2025. I am Wang Yi Bo! Good morning, crypto friends ☀ hardcore fan check-in 👍 like to get rich 🍗🍗🌹🌹
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The weekend has also passed, and the overall market situation is as we expected. The currency price is still showing a mainly oscillating trend, with no significant volatility. The current market still faces uncertain and unexpected variables. The Federal Reserve's (January 28-29) interest rate meeting this week will determine whether the Fed will cut interest rates in January and Powell's attitude towards monetary policy. President Trump has demanded an immediate rate cut and called for the world to follow suit. The PCE data for the old US will be released on Friday. The cryptocurrency market, which is currently full of uncertainty due to someone's interference, is at a crossroads. Therefore, the period before the Spring Festival is a time of oscillation, making you panic and thinking that the bull market has ended. Yibo has been looking forward to the market after the Spring Festival, but there will be a two-level differentiation. Especially for those who play spot, it depends on your profound understanding of the sector, especially the altcoin varieties!
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Bitcoin's overnight price started from the high point of 105229, and has been under pressure from the market, triggering a trend of retracement. The pace of this retracement gradually advanced, and finally fell back to the position of 102627. From the perspective of the 4-hour chart, the price trend in the early stage showed a complex shape of a rapid decline, followed by a slow downward channel, and then another large downward plunge. After reaching a stage low point, the price rebounded rapidly. However, taking into account various technical indicators and market sentiment judgments, overall, if the price returns to retreat, it is still based on the rebound. Therefore, we should still focus on low positions to participate.
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The Ether's market is also keeping pace with the big cake. The price has also experienced a pullback, probing all the way down to the 3235 low point. Looking at the 4-hour chart, after the K-line was blocked and pinned by testing the upper rail, it continued to produce small K-lines for oscillation. In this process, the price received support around the short-term moving average and the middle rail, providing a certain guarantee for the stability of the market. However, the Bollinger Bands are beginning to contract, and the short-term moving average is running around the middle rail, which may mean that the market is about to enter a relatively narrow range of volatility. Taking a comprehensive view, the market for the big cake is likely to continue to fluctuate within the range in the short term. Attention is needed above the upper rail of the 4-hour chart, and the pressure of the former high band.