Christmas in the United States lasts for half a month, and individual investors are on vacation. It seems that the whole world is also taking a break recently. The Middle East is no longer in turmoil, and the conflict between Ukraine and Russia has also cooled down. It feels like the people of the world are all serving the American people. If the enemy does not move, I will not move.
Many people are worried that BTC will suddenly experience a significant surge, but there is no need for concern, at least at this stage. Wall Street and financial traders also have emotions, desires, and needs for life, including food, clothing, housing, and transportation. They also need to rest and relax. Moreover, with retail investors on vacation, where can the big players show off?
As for the recent rebound in BTC, it is due to the actions of traders from the East and speculative funds. There has always been a game and hunting among the big players. With Western traders taking a break, it creates an opportunity for Eastern traders to harvest retail investors. After all, there are still many retail investors in the East, making it a perfect opportunity to set traps and reap profits.
Recently, East Asia is still not calm. South Korea is impeaching President Yoon Suk-yeol, but the situation has not settled, and now anti-impeachment protests have started again. Suffering is often a choice made by people themselves. If you don't want good democracy, but choose authoritarianism, there will still be opportunities to cry in the future. For example, in a certain country, the suffering of the people is praised as the laboring people's perseverance, hard work, and self-reliance, without causing trouble for the country, which is quite shameless.
Currently, looking at BTC on the daily chart, it has rebounded to the lower edge of the upward trend line and has not been broken after a prolonged attack, so a correction is inevitable. Moreover, liquidity has weakened recently, and with the large outflow of funds from the spot ETF, Wall Street is also on break, so it is currently in a sideways consolidation phase. Resistance is around 99,500. Support is around 95,000-90,500. I remind you again, if there is another significant drop, you must dare to buy in batches; there is not much time left for everyone.
On the four-hour chart, resistance is around 99,540, and you can consider a small short position with a stop loss set at around 100,500. Currently, there is selling pressure at the four-hour level, so keep an eye on the candlestick patterns. Support is at around 97,805, 95,555, and 92,723. Recently, it may be better not to trade contracts, just relax, set orders in advance, wait for a pullback to enter, and hold your coins.
If the timing is not right and greed arises, do not chase highs; many altcoins are still in a downtrend. Be patient and wait; at least there will be another opportunity for you to enter. When it appears, make sure to seize it. Don’t say I didn’t remind you.