The following predictions

This week, the weekly line of Bitcoin closed with a long bullish candlestick. The short-term upward momentum of Bitcoin is weakening, and the ETF results are expected to be available around January 10, 2024. After a possible horizontal period with a rally and pullback following ETF approval, there may be another market correction if the ETF is delayed. The current support level is around 40,500, and as long as it is not broken, there is still a high possibility of a new high. In a few days, Bitcoin will be closing the yearly line, and delivery is expected to take place, which may trigger some extreme volatility in the market. The structure of the 15-minute Bitcoin chart shows the price going through the first decline, and if the rebound can break through EMA60, there is potential for a third wave of decline. If not, further decline may continue.

The Altair token remains weak, while the Solana and Avalanche ecosystems continue to gain strength. Although some people see Solana as the future of Ethereum, it is important to not underestimate the technology of the current king of public blockchains. Ether may continue along a downtrend path for the next hour but is expected to rebound soon given the high demand. Also, it is important to keep an eye on the Cancun upgrade that happened in January. In the short term, it is still recommended to follow Bitcoin and maintain a pullback trend.

As for the front token, it has been gradually rising along the EMA uptrend since dropping from its high in late September. The bottom is slowly increasing, which provides a buying opportunity. With the MACD and KDJ both indicating bullishness, it is recommended to buy on dips and hold for a period of 4 weeks. The entry point should be between 0.35 and 0.4, with a profit-taking point of 0.6-0.65 and a stop-loss point of 0.33. The recommended exchanges are OKX and Binance.
The above content is purely personal opinion and does not constitute investment advice.