Today is Christmas; Thirteen does not celebrate Christmas, but I wish everyone a Merry Christmas here.
Thirteen people are essentially rational patriots; on Christmas during the Korean War, our martyrs defended us with their blood, so we don't celebrate this holiday much.
Of course, I absolutely do not oppose others doing so.
Everyone should eat a few more apples, wishing themselves peace and big profits in the coming year.
There's not much to say today; the market is like this, with almost no fluctuations, still fluctuating within the range we mentioned in previous articles.
From the trend, there is significant resistance at the price ranges of Ethereum 3550 and Bitcoin 99900.
The possibility of continued market fluctuations is relatively high.
In fact, there isn't much room for operation; during these days without a clear direction, everyone should try not to trade and take a good rest.
It is recommended that everyone trade on the right side, and it's a better choice to enter the market after the price breaks through and stabilizes at key levels.
If the market pulls back, then buying at low levels is also a good choice.
The market is currently at a high point in the fluctuation range; those with heavy positions can clean up their positions and keep some cash on hand. Thirteen has encouraged everyone to buy at low levels, and now taking profits and keeping cash is a good choice.
2,
The overall trend of the market is still a bull market.
After the market picked up a bit these days, the voices shouting about a bear market suddenly disappeared. After Bitcoin reached a high and had a normal pullback, some people started saying the bear market has arrived.
There are still a bunch of people echoing this, and I really don't know how these people see that a bear market has arrived.
If there is no money in the market, or if Kamala Harris is elected or if institutions keep facing explosions, then it could indeed be a bear market.
Many people are judging the bear market solely based on hearsay.
Everyone must remain rational and look a little further ahead, don't be influenced by some noise in front of you, otherwise you may miss this bull market.
Currently, the demand for Bitcoin in the market is greater than the supply. Data shows that the market demand for Bitcoin has reached 228,000, while the market supply is continuously decreasing, including sales from Grayscale, Mentougou, and stock from exchanges.
In such an objective situation, Bitcoin will only increase in price; the higher it goes, the more people will choose to buy Bitcoin, and the Bitcoin price will rise higher, creating a rising cycle.
The current pullback gives the market a chance to rest, and it is also a good opportunity for institutions and many retail investors to enter the market.
However, the chips are still heavily concentrated towards the main players; retail investors either choose to sell or are currently hesitating to enter the market.
How many people are still waiting for Ethereum below 3000, or Bitcoin at 80000 or even lower? It's not that it definitely won't drop to that price, but the probability is just too low.
I remember during the most difficult events in May and June a few years ago, when Thirteen was recharging everyone's faith, many people messaged me saying they would wait for Bitcoin to drop to 30,000 before they would enter the market.
I wonder how those people are doing now, do they have even a little bit of regret?
It is the same now; although Bitcoin has risen a lot, the market's fair value has risen above 90,000, making it difficult to drop back.
Merry Christmas!!!!
Let's welcome a crazy bull market together in 25 years.