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- Welcome Kevin_Lee to the Gate Square! 🎉
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On January 16th, Btc today's market analysis, the current price of BTC is around $998, last night, with the landing of Favourable Information, BTC started a strong pump📈, representing the pullback from 108347, indicating the end of the consolidation. BTC started the bottom 2-wave structure pump from 891, and last night's strong performance of BTC also indicates that after a slight pullback, the third wave will directly hit a new high.
The trading strategy for the pump market is mainly based on pulling back and going long. Long positions at low levels can continue to be held, and those who have not entered the market can try to enter long positions near 970 on the pullback.
Note: The market changes in an instant, and market analysis is only a personal experience sharing, for reference only, trading needs to be cautious!