BTC consolidation brewing a storm, altcoins are about to lead a new wave of wealth frenzy!
Speaking of this BTC, when it is stable and not fluctuating, that is when those niche coins we commonly refer to as 'altcoins' begin to become active!
I believe that the upcoming market is likely to enter a frustrating consolidation phase. It will have to go through two deeper corrections, and the current market atmosphere is quite gloomy. The price of BTC is expected to hover within the range of 88600 to 102000, or even lower at around 76800 to 92300. Why? Isn’t it just to prepare for the spring of altcoins!
To be honest, if BTC really drops to around 76800, the bulls will be crying out, as a fluctuation of ten thousand dollars can directly hit many people's liquidation and stop-loss points.
Therefore, operations are being carried out very cautiously, with positions being very small. Before a major trend appears, going heavy is just jumping into a fire pit!
Tonight, I find the market precarious; it is likely to drop! Let's play with short-term trades, do some swing trading, if the market is bad, look for small-scale bullish divergences to earn some small profits. However, brothers must be careful, as there are plenty of bear traps and bull traps. It's Christmas, and with the Americans celebrating, we will likely follow the trend down; this time, the bears might win.
If BTC really consolidates in the range of 88600 to 102000, it would be a relatively good situation for the entire market. But history loves to repeat itself, so who knows, BTC might really go back to fill that gap below, so everyone should stay alert!
How to make money without shorting during Christmas? The order book, K-lines, these may not look strong, but they are great places to set traps. A false breakout can cause many bulls to foolishly rush in, recharging their faith.
The upper resistance levels are at 99360 and 100800, while the lower support levels are at 94700 and 92300. If it stabilizes in the next couple of days, it would be a great opportunity to ambush potential altcoins; let’s wait for BTC to calm down for a while!
For the next layout direction, I will guide everyone to aim for the lucrative opportunities in altcoins, especially those with high potential projects, with an expected space of over 10 times being quite feasible. If you want to make big money in a bull market, like + leave a comment, and I will take you along to layout the entire bull market
