Meeting

Last night, Bitcoin also rose by five thousand points, directly from 94259 to 99450, still not breaking through 100,000. It is likely a false signal. Looking at the one-hour trend, each bullish candle is higher than the last, but the trading volume has not followed the K-line trend. What does this indicate? Volume is the best reflection of market liquidity and cannot be manipulated. This suggests that the market makers are intentionally pushing the price up to create a false sense of high. Today is also Christmas, and the coins that were supposed to rise have all risen and are in place. Next, it’s better to avoid risks, as Bitcoin rising alone is not a good sign.

After this wave of correction is in place, we can consider entering the market again. It is expected that Ethereum's performance will be more impressive than BTC next year. Bitcoin has risen so much while Ethereum has not moved, so it's wise to avoid risks. In the coming days, it is very likely that there will be another wave of selling against the long positions. The Bitcoin ETF is still experiencing net outflows; how can it still rise? It doesn't make sense. I still maintain that Bitcoin will correct to 90,000, reserving 3-5 layers of positions to wait.