Can Bitcoin hold at 92,000 USD?
If it can't hold, where could it go lower?
Is it the right time to buy the dip now?
As Christmas approaches, liquidity in the US market has decreased
This could lead to more volatility in the Bitcoin market
The path of the Federal Reserve's interest rate cuts remains uncertain, and this impact on sentiment cannot be ignored
Last week, US Treasury yields climbed to 4.55%, reaching a six-month high, meaning borrowing costs are rising, which may affect liquidity in the cryptocurrency market.
Currently, the market has accumulated a large number of short positions, and I do not recommend directly shorting at this stage
You can wait for a rebound to higher levels, such as 96,000 USD or 97,000 USD, and then look for short opportunities
These rebound ranges may experience false breakouts, providing better entry points for shorting.
For spot trading, it is recommended to gradually build positions starting from the current price
If 92,000 USD cannot be held, you may consider increasing your position and preparing to add further at 85,000 USD or even lower
There is significant uncertainty in the market, so do not expect to hit the lowest point all at once
Avoid putting in a large amount at a halfway point
The current price range is a good area to buy
Altcoins to watch: sui pnut usual
As I said, friends
No matter what the trend is, I have a strategy to operate
If you come to this market without bricks, how can you have a good year this year
Follow King to layout for the upcoming altcoin bull market!!!
If you want to flip your position, want to make big profits, want to break even, get on board at 111 🚀
