First of all, from a long-term perspective, Bitcoin is still bullish. This is mainly because Bitcoin has risen nearly 3 times from its bottom. Some early profit-taking retail investors may choose to sell and exit.
Secondly, it is said that Japan will raise interest rates soon, and also the annual Christmas, New Year, and Spring Festival in Western countries. At the end of the year, due to various expenses requiring cash, this causes some profit-taking retail investors to sell and realize their profits early. This leads to insufficient liquidity and limited new incoming funds. Therefore, for the market situation in December, it is definitely advisable to be bearish without shorting. Those who are profitable should appropriately reduce their positions to avoid a second dip. Currently, Ethereum has also completed a phase of catch-up.
For friends holding a lot of altcoins, the first thing you should check is whether the coins you are holding are the leading ones in their sector. If they are, even if they haven't risen temporarily, it's advisable not to switch to chase those that have already increased to avoid being trapped at the peak. Each sector rotates; as long as the coins you buy are not extremely illiquid weak altcoins, they will generally rise. Even EOS, which many do not have high hopes for, has doubled recently from its bottom. Just patiently wait for the upward trend to arrive.
If there is an opportunity to pull back this time, pay special attention to DOGE because on January 20, Trump will take office, and Musk is scheduled to visit the White House on January 20, which will certainly bring a wave of heat and continue to rise. So, prioritize allocating when prices dip. If Ripple (XRP) has a chance to pull back to between 1.5 and 2, it can still be considered for entry, as it has once again squeezed into the top three in market capitalization, and the market outlook is positive!
And if friends who didn’t reduce their positions in the past few days are feeling anxious, there's no need to worry; the bull market is still ongoing. Just hold your assets and wait for the rise, believing that wonderful things are about to happen!
Finally, I wish good fortune to the friends who are lucky enough to come across my post, may the coins they hold enter the list of rising assets every day! Wishing you a smooth journey!
If you haven't followed me yet, please like and follow to support me. On the road of crypto research, let me illuminate your path forward!
