It's time to test your faith again. Should you run or stay?

BTC Market Analysis

20,000 is just one step away, Grayscale keeps adding positions; the boss congratulated Biden on his election, and the biggest uncertainty factor of the news has been settled; but BTC does not seem to have any intention of turning back. Although it has fallen slightly, the daily trend is still broken, and the 4H cycle is also in an upward trend. From a big direction, BTC is still the strongest market target in this market, the master of all coins.

Can the expectation of 20,000 be achieved? Should we reduce our positions now? From the current perspective, those who have reduced their positions before can still hold the remaining positions for the long term. The last trend line to defend is the 4H cycle 60 cycle line. After it is broken, we need to take profit (approximately around 18,000). The space within this range is acceptable.

ETH Market Analysis

ETH's 4H cycle is a confirmation of stagnant growth, and the breakthrough of 584 is the confirmation of the top. Reducing positions is a necessary defense. Of course, this decision should have been made last night. Unfortunately, our articles are distributed around 10 o'clock every day, so it is a bit of hindsight. However, yesterday's article has fully reminded BTC of the risk of leading to a decline, and Biden has confirmed his inauguration. The biggest uncertainty in the market has been resolved, and the market should also enter a stage of adjustment.

At present, we need to see whether the support of the overlapping interval of 522 superimposed on the 60-period moving average (4H) can form a new central anchor position.

XRP/LTC/EOS/BCH market analysis

I drew a chart specifically for XRP, because more than one person asked me if XRP can be shorted. The chart shows that this position is still within the center of the 4H cycle. It is obvious that the profit and loss ratio of shorting this position is not very high. Either do it when the volume breaks through, or don't short easily.

I have basically never written about short selling in my articles. Why? I will not write about the reasons. For example, you can experience the legendary story of the American short selling genius Jesse Livermore. If you don’t know, go to Baidu. The profit of short selling is 100%, and the profit of long selling is unlimited. You can stop loss when the price breaks through 0.6. Friends who have positions, why?

Don't have any illusions. LTC and BCH have already broken through unreasonably quickly and started a downward trend. How can XRP remain immune? They are all small coins. Even with the support of Grayscale, retail investors will also drag down the market. We are traders in the market, not fund managers who collect management fees, so making money and maintaining profits are our top priorities.

Small coins have finished their work and there are no short-term opportunities. There may be repeated fluctuations in the short term. When others rebound, you can get on board.

DOT/KSM market analysis

DOT has entered the falling closing mode. Those who bought in around 5.5 must protect their principal first, and those who increased their positions at the bottom of 4 must protect their profits. If there is no reduction in positions at 5.5, then there is a high probability that 5.2 will not be able to hold. Because we have repeatedly emphasized before that this round of DOT is not a fundamental market, but a FOMO market.

KSM will have an independent oscillating trend. In this round of rise, not many people have KSM, so retail investors will not affect the trend much, but the main force will not pull up, and the decline will not be too big, because the main force has gotten rid of the bottom trend, and there are still some expectations behind. Therefore, people who have KSM can continue to hold positions for the time being and wait and see, but pay attention to controlling their positions.