🍭January 14th Midday Market Commentary.🍭 $BTC Commentary: Bitcoin has finally broken out of the 94774-90325 range and reached a new high. When Bitcoin wants to rise, resistance levels are irrelevant; resistance is for breaking through. Currently, as long as Bitcoin can hold above 94774, this constitutes a reversal. Don't treat it as a mere rebound. Once a trend is established, it's difficult to change—remember this. Currently, Bitcoin is facing resistance at 96706. Although there was a false breakout, the closing price didn't close above 96706, instead retracing to the 95020 support level, confirming its effectiveness and starting to consolidate. Bitcoin's hourly chart has completed its rounded bottom pattern, exceeding the previous level by a significant margin. There are two possible scenarios for Bitcoin's future movement: First, it will consolidate around 96777-95020, accumulating strength before breaking out to higher levels. The second possible scenario: A pullback to 93740 confirms support before an upward surge. The maximum pullback is only allowed to 93740; it cannot break below 93740. If it breaks below 93740, Bitcoin will return to the area within the large red box and enter a period of consolidation. If it falls back into the large red box, it will likely pull back further. I tend to favor the first scenario, a consolidation between 96777 and 95020 with an upward bias. As long as Bitcoin doesn't break below the bullish candle that pierced to 96777, and it forms a bullish engulfing pattern around that candle, there's nothing to worry about. A break above 96777 would bring it to 98755. A sustained hold above 98755 would see Bitcoin reach 100,000 again. A strong breakout above 95792 with volume would be a buy signal for aggressive traders. A pullback to 94000 would be a buy signal for smaller positions, with a stop-loss below 92617. A breakout and hold above 95792 on the hourly chart would target 96777-98755. A break above 96777 would indicate further upward movement. A breakout and hold above 95792 on the hourly chart would target 96777-98755. A break above 96777 would signal further upward movement. A breakout and hold above 95792 on the hourly chart would target 96777-98755. A break above 96777 would indicate further upward movement. On the 4-hour chart, a break below 95120 would target 94013-93034. ETH Strategy: Buy BTC on a breakout above 3351 with volume, with a stop-loss order placed. Sell BTC on a break below 3325 with volume, with a stop-loss order placed. Buy BTC on a pullback to 3267 if support holds, with a stop-loss order placed below 3224. If BTC holds above 3372 on the hourly chart, target 3416-3486. Sell BTC on a breakout above 3416, with a stop-loss order placed below 3456. Left-side entry order: Buy at 3220, with a stop-loss order placed below 3175. Resistance levels: 3372-3416-3486 Support levels: 3313-3263-3223. A break below 3303 on the 4-hour chart would target 3269-3220. BTC is really strong! Bitcoin (BTC) has broken out of its 4-hour trading range. As long as it retraces but doesn't fall back into the range, you can expect BTC to continue its upward challenge towards 3447! Meeting adjourned. $BTC #StrategyIncreaseBitcoinAccumulation {future}(BTCUSDT) {future}(ETHUSDT)