Market Analysis on January 30th

At present, all negative news has been eliminated, as long as Bitcoin and Ethereum pull out a big bullish candle on the daily chart, it can be determined that there will be a big surge in February and March. From the liquidation data, it can be seen that the bottom long positions have been basically cleared. Analyzing the monthly return on investment, February is the month with the highest return on investment for Bitcoin and altcoins in a year. January is almost over and February is coming soon. The Fed revealed in the early morning that there is a high possibility of interest rate cuts in March, and the market is likely to rise next. Everyone must hold their positions until March.

On February 10th, the Chicago Mercantile Exchange approved XRP and SOL futures, which may boost the price before the 10th. The Trump family continues to buy Ethereum to raise funds for the March upgrade, and the 20,000 Ethereum staked on Ldo is also favorable for Ldo. Before the positive news is realized, the pullback is a good opportunity to open positions. Buying now is basically a guaranteed profit. Pay attention to the PCE data at 9:30 PM on Friday, if it indicates a high probability of interest rate cuts in March, there will definitely be a big bullish trend. Altcoins like Pepe and Sui are good for bottom fishing. This week, Powell refused to comment on Trump's interest rate cut remarks, but mentioned that improving regulation is beneficial to the crypto industry, which caused a short-term increase in Bitcoin. The Fed maintained interest rates, the US stock market fell, but Bitcoin rose against the trend, and it is expected to continue to rise steadily.