2024/12/25 Nightline Perspective

Hello everyone, I am your cat.

I slept all day and just woke up.

Tonight Wall Street is on holiday, bad news, there is no net inflow. Good news, there won't be significant selling pressure.

They are only off for 1 day, and work will resume normally tomorrow. However, only institutions will be working, while the vast majority of Americans, or at least half of Europe, are on holiday. Institutions working does not necessarily mean there will be significant net inflows, so moving forward, sideways trading or slight declines are very normal; this slight decline might be more pronounced in some weaker altcoins.

Don't panic just because it drops; if you look at the 4-hour chart and draw these 2 diagonal lines, there’s no sideways breakout, or it hasn’t broken down and failed to close above in both 4-hour candles, there’s no need to panic. Bitcoin tested the 971 range again last night and did not break down; it closed back above the 4-hour middle line, and currently, it is hovering around the 4-hour middle line. There's no volume, and holding this position is already quite good.

Those who bought at previous lows should continue to hold.

Friends who bought at the halfway point should adjust their stop-loss levels slightly; don't let a floating profit turn into a floating loss. Protect your capital and make adjustments rather than holding on stubbornly.

Many altcoins have already rebounded 20-30% from their bottoms. Although they still belong to the 'relative bottom' on the 8-hour and daily charts, the advantage of the chips is not so obvious anymore. Let's observe the situation of the institutions tomorrow before deciding which vehicle to board; it's better than randomly picking one now.

If you really can't resist wanting to get into a vehicle, I suggest you enter in batches, using a method of 30% position, 30% add-on, and 40% add-on, or a method of 2, 2, 3, 3. Once inside, if you are slightly down, don't rush to average down. Confirm that the trend is stabilizing before averaging down; it's better than averaging down at halfway up the hill.

Currently, there are no significant short-term bearish news. In the event of unexpected incidents, nobody can predict; we can only focus on our own chips.

For those who are stuck in spot trades, there’s no need to worry, as long as you are not stuck at the top, you will have a chance to break free before the next pullback.