BTC UPDATE 12/28 to 1/10: 2 MAJOR ADJUSTMENTS, BOTTOMS OUT AND BOUNCES BACK
- Recently, I've been busy supporting everyone in the group, so I haven't had much time to post for your reference. Today, I want to share a bit about my personal perspective.
- Currently, BTC is stabilizing around the price of 94,500 after a drop from the 99,500 range. As per my view from the beginning of the month, there is a high likelihood that in the last 3 days of the year, BTC will experience a sell-off touching the 86-88k range. After that, it will bounce back to the 92-94k range. It may close the year around this area depending on the level of FOMO.
- Everyone should refrain from trying to catch the bottom at the 86-88k range, as the next month's candle can easily have a wick down to 77,544. I will wait until the beginning of next month when BTC reaches this area to accumulate for the super cycle uptrend in Q1.
- Currently, there is strong compression, so altcoins are not significantly affected, but in the next two phases when BTC adjusts, DOM will increase strongly. It is best for everyone not to LONG at this time to minimize impact.
Group T.le: thewolf202368
