Yesterday, the US stock market dropped a little, serving as a reminder to Wall Street traders to play well and return to work. Currently, from the pattern, it seems that the US stock market may also experience some fluctuations for a few days. I believe that most stocks are being managed by robots, and traders have no time to pay attention to the market, as everyone also wants to take advantage of the holiday time to make some profits. However, after returning to work, it may not be the same; perhaps in a few days, there will be another dip, as the money set aside for travel should be taken by retail investors.
Recently, Trump has also been busy preparing for the inauguration ceremony and dealing with the situation of the Ukraine-Russia war. Born a businessman, he is quite cunning. During the campaign, he said he would end the war as soon as possible and stabilize Russia to avoid unrest. Now, he can free up his hands to deal with the big goose. He is asking EU countries to increase their military budgets while also increasing military aid to Ukraine. The war continues, and the benefits are all for the US; weapons can be sold, while also consuming the strength of the big goose and restraining the actions of the eastern countries. However, one thing to note is that recently, India has sent 12,000 special forces, losing nearly 3,000 personnel. It seems the dictator is treating them as walking dollar bills. The international situation remains unstable, and if there are no economic policy black swans, they can only be created from the confrontations of war.
Currently, BTC has formed a bearish candlestick yesterday, with selling pressure being relatively strong. It has been fluctuating around the lifeline, with upper resistance at 99,500 and lower support at 95,000, around 90,500. From the pattern, the market is unlikely to reverse temporarily. BTC still needs another push; it can truly fluctuate around 90,500 for a while to complete the indicator recovery. The next rise will be a one-sided trend, expected around mid-January.
On the four-hour level, it should be a fluctuating market, with upper resistance at 97,800 and lower support around 95,000-92,723. In the next couple of days, quick entries and exits are recommended; don’t overthink it. I still suggest that for those with a cyclical layout, place orders in batches in advance and, after acquiring the coins, just lie down for a while.
Today, the number of people going long is increasing; I just want to remind everyone not to overthink it and to take profits once the position is built. The big coin has not really reached its drop point yet. Currently, it is still in a bearish pattern, and as for shorting, it would be a short-term short position. Because the next wave may not be a rebound but an actual reversal. If unsure, then just lie down; after all, the year-end is approaching. Move less, stay still, and next year, spring will arrive with flowers blooming. $BTC