The trade war escalation causes cryptocurrencies to plunge again. Will the decline continue or is it a good time to buy the dip?

BTC is really difficult right now. The daily chart has broken down with a MACD death cross heading downward. The main upward wave last week has completely played out. Next, we are returning to a long-term downward trend. The tariff war between Trump and the EU has caused the entire rebound cycle to end prematurely. Now, it depends on whether the rate cut meeting at the end of January can bring some reversal!

We started building a long-term position at 9700, and we are betting on a short-term rebound at two key levels: 9450-9200. If the rebound pressure does not break through, it indicates insufficient buying strength. Holding a long position is justified, as reaching a target does not guarantee success. Yesterday’s short-term targets at BTC 9200 and ETH 3170 aimed for rebounds at 9350 and 3230. If these levels cannot be broken, start reversing your position. Before today’s US market open, another sharp drop followed. Isn’t that a clear sign? Yesterday’s candlestick chart also marked this in advance.

Complex technical indicators are only tools to help determine the cycle direction. Real policy orientation and real-time understanding are both indispensable. Stay rational and follow the trend of each wave, rather than being driven by emotions!

In this wave, the medium- and long-term shift from virtual K-line predictions to actual gains has been completed. As the year-end approaches with thousands of lights and firecrackers, prepare your attitude and execution to plan the market. In the last month, let’s work together for a better year!