1.27 Daily Market Analysis

1. The $BTC S&P 500 has just retested the trendline. If it lacks the strength to break above, it may plunge directly downward, so the short-term correction is highly likely. Considering the current trend of Bitcoin in conjunction with the US stock market's pattern, BTC's intraday movement remains relatively weak, with the bulls lacking strength. It is also swinging around key support levels, so my personal outlook is bearish. Both BTC and ETH have broken below key levels on the larger timeframe, which is also bearish in terms of pattern, although a correction has now occurred.
2. A week ago during the live broadcast, I mentioned there was an opportunity to go long. The daily chart showed a significant sell-off, forming a climax pattern, which would lead to a small rebound. If you look at smaller timeframes, you might not understand this upward move, but on the 4-hour or daily chart, the structure and pattern of the rise are clear. If you think I am a day late and a dollar short, the upcoming videos will show that I warned about this a week ago.
3. A large cycle head and shoulders top has already formed and is gradually weakening. However, due to fee costs, I haven't dared to short yet. Currently, fees are settled hourly, and if the decline does not exceed 2%, the position remains at a loss. Aggressive traders can enter immediately after fee settlement and exit before the next fee settlement.