🆘These three factors determine the next trend of the cryptocurrency market:📉
Firstly, no coin should be shorted, and shorting during a pullback is particularly unwise. The market is complex and volatile, influenced by many factors, making shorting extremely risky. During a pullback, sudden positive news can quickly reverse the trend, resulting in losses for those who shorted.
Secondly, whether Bitcoin will pull back and how it will do so is difficult to predict. It is affected by various factors such as global regulations and corporate actions, and both technical and supply-demand analyses struggle to accurately determine the details of its pullback.
Thirdly, before the year ends, it may be worth considering building positions in high-volume altcoins. With the Lunar New Year approaching, the flow of market funds may change. These altcoins, due to their high trading volume, may experience price fluctuations and potentially bring returns during the reallocation of funds. However, altcoins carry high risks, so thorough research and setting stop-loss and take-profit levels are essential.
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