Cryptocurrency Market Technical Analysis on January 3rd

Recent market movements have mostly hit the predicted key points, and this recent year-end surge has indeed changed the overall landscape.

**Market Technicals**

Bitcoin and Ethereum are currently near critical support levels. It is recommended not to rush into opening new positions at this stage; simply manage existing holdings normally. Refer to yesterday’s key levels for stop-loss placement. As for take-profit, do not move the base position for now; specific levels will be provided tomorrow based on the trend.

**Short-term Trading Strategy**

Yesterday, the US stock market opened strongly, and cryptocurrencies also launched a counterattack driven by Bitcoin. However, as prices approach previous highs, increased caution is necessary — consider taking partial profits on long positions, while keeping the core holdings to continue participating.

Today, the overall trend remains at a high consolidation level. The specific signal to initiate positions will depend on tomorrow’s performance. Repeated adjustments near previous highs are normal; the key is to hold the support levels.

Disclaimer: The above is solely personal opinion and analysis, and does not constitute any investment advice.