Bitcoin hits a new high, what should we do next?
On December 16, 2024, Bitcoin hit a new all-time high again. Opportunities are always so fleeting, and there is no chance to start over. So what to do next has become a question that many people are concerned about: the current situation is that after BTC has experienced a small bloodbath of violent pins and altcoins, the market's enthusiasm has been quickly cooled down, returning to a market trading logic dominated by rationality. When the market risk appetite begins to decrease, most people choose to cut their losses or sell at the high point of the rebound to preserve their profits. What should these people do if they cut their losses and hold a bunch of U in their hands but dare not chase them? I have reason to believe that these people will choose to short Bitcoin at a high level and buy altcoins for a small hedge.
So the trend we are likely to see in the future is: 1. Bitcoin is sideways, and altcoins are slightly down 2. Bitcoin rises, and altcoins are sideways. When the altcoin starts to fly, it is until you can't help but close either side of these two positions.
Conclusion: Bitcoin continues to fluctuate higher, and it will fluctuate to 107,800, and then make a false break to 112,000, which will knock out the stop loss of those itchy and stubborn short sellers, and then it will pull back. It is still possible to break below 100,000. At this time, the copycat may usher in the last wave of adjustments before taking off. This time should not be too long and should happen within a week.