✅The market is on fire as Christmas approaches!!
This is not too surprising as the phrase 'run away Christmas' is quite familiar to investors. Here are the factors and ways to maintain accounts during this high liquidity period!
1. The trend line shows signs of decline: overall, the value of BTC reached an all-time high of 108k, the moving average 30>50 is creating a strong downward divergence, indicators such as RSI or midband all support the downward price trend. This is quite normal as the profit-taking mentality of investors is increasing towards the end of the year.
2. Economic factors: High inflation and interest rates along with economic instability cause the cash flow trend to fluctuate significantly. Investors are always looking for ways to convert profits, which affects the value of smaller market capitalization assets like BTC.
3. Legal regulations: After the elections is also the time when laws and legal frameworks are being formed, which inadvertently increases the mentality of asset accumulation.
4. Investment strategy!: Waiting and observing the resistance level of 90k will be a strong resistance that makes the market hard to collapse. The growth potential is still there; we can cover altcoins and BTC when the value drops to the 95k range. Diversifying capital and investing in stable and top tokens like ETH, SOL, or BNB.
5> The mentality of staying calm and avoiding hasty decisions should involve seeking advice from professionals. Focus on long-term investment portfolios rather than FOMO.
Wishing everyone a successful end-of-year investment season, remember that the market is a place for investment and not speculation. Knowing when to take profits is the wise thing to do!!
