Bitcoin Market Analysis (January 26)

Many traders' growth path begins with wanting to do everything, then moves towards knowing what to refrain from. The market offers infinite possibilities, but traders are finite; they should only participate in market conditions they are familiar with and understand. Trading is ultimately a mirror, reflecting how one faces uncertainty, pressure, and oneself. Hello everyone, I'm Trader Gege. Let's review the previous strategy. The previous post was updated on the 13th, when Bitcoin's price was around 92,000. The strategy was that although the 95,000 level was previous resistance, it had been tested multiple times, so we didn't short. Instead, we shorted in the 97,500-98,300 range, and the market indeed peaked and retraced to around 97,900 as expected. Previous articles have consistently emphasized a dividing line: the bottom-to-top reversal point of the upward trend line. This point has been consistently moved upwards in the series of articles based on market fluctuations, and the prediction of this high point was quite successful. Revisiting this after several days might seem like hindsight, but the update speed has indeed been slow recently, and given the emphasis on this point in previous posts, I'm reviewing it today. Getting back to the main topic, let's first briefly discuss cycles, and then talk about short-term trends from a technical perspective.