Bitcoin price update on January 15th

This article was written at 12:56. Yesterday, we advised everyone that the bulls were strong and to chase the rise without shorting. The target for long positions around 95400 was around 98, which was reached as expected in the evening session, resulting in a profit of around 2500 points for long positions. After reaching around 98, Bitcoin failed to continue its upward trend. On the 4-hour chart, it formed an upper shadow and closed lower near the 98 resistance level, indicating a short-term pullback signal. A slight pullback occurred during the daytime session today. We should first focus on the 94000 level for this pullback, which previously acted as strong resistance and can now be considered support. If the 94 level fails to hold, then the next entry point for long positions should be around 92. In terms of trading, wait for a pullback to go long. Long positions can be entered around 94, with a second entry around 92. The recommended stop loss is 90500. The initial target remains 98, with a potential target of 100,000 if it breaks through. Currently, there is still 2000 points of downside potential. Those who want to take small positions can do so at their own discretion. Click on the avatar above to open my profile and discuss market trends. Short-term trading, control risk, and manage your own profits and losses.