According to historical data, December is often a month when the market experiences corrections.
Bitcoin is facing extremely heavy pressure at the 100,000 mark, while Ethereum at the 3,800 price level has also hit an important trend line resistance.
Recently, the market trends of various altcoins have been chaotic. Personally, I do not recommend investors to blindly follow the trend and chase after prices (FOMO).
For Bitcoin, one should consider exiting or reducing their position, patiently waiting for the correction phase in the middle of the bull market to look for opportunities to pick up those cheap tokens that have significantly dropped in price!!!
For those engaged in hedging trades, consider shorting those coins that have risen too much, such as XRP, ADA, Doge, etc. However, it is essential to manage your positions wisely and set appropriate take-profit and stop-loss levels.
I wish everyone good luck!
