#BTC上攻11万？
The US Christmas holiday has arrived, and the global financial markets are quiet. When will $BTC erupt?
With half a month of the US Christmas holiday, retail investors have gone on vacation. During this time, it seems like the whole world has quieted down; the Middle East is no longer chaotic, and the Russia-Ukraine conflict is not as intense as before. It feels as if the entire world is cooperating with the US holiday, all waiting for each other to make the first move.
Some are worried that BTC might suddenly surge during this time, but there's no need to be too anxious; at least it's not the right time yet. Those financial sharks on Wall Street have their own emotions and need to eat and sleep too. With retail investors on holiday, who are the sharks showing off for?
Recently, BTC's slight rebound is mainly due to the actions of speculators and institutional investors in East Asia. The speculators have always loved to compete with each other; now that the western speculators are on break, the eastern ones are seizing the opportunity to harvest a wave of retail investors. After all, there are many retail investors in East Asia, and with a bit of bait and strategy, they can make a lot of money.
Speaking of East Asia, things have also been tumultuous in South Korea recently; President Yoon has been impeached, and the situation is not over yet. Now protests have erupted. This is the path they've chosen; instead of maintaining a good democracy, they opted for authoritarianism, which will likely lead to regret later.
Looking again at BTC, on the daily chart, the rebound has stalled at the lower edge of the upward trend line. If it can't break through, it will need to correct. Recently, market liquidity has also weakened, with a large outflow of funds from spot ETFs, and Wall Street people are still on break, so it’s currently in a sideways consolidation. The resistance level above is around 99500, and the support level below is between 95000 and 90500.
On the four-hour chart, the resistance level above is around 99540, and one could try a small short position, with a stop loss set around 100500. There is significant selling pressure above, so one needs to keep a close eye on the candlestick patterns. The support levels below are around 97805, 95555, and 92723.
If the timing isn't right, don't be greedy and chase the highs; many altcoins are still falling. Be patient and wait, as there will be at least one more opportunity to enter, and when that time comes, make sure to seize it. Don’t say I didn’t remind you!
As for the upcoming layout direction, I will guide everyone to aim for the lucrative opportunities in altcoins, especially those with great potential. An expected return of over ten times is definitely possible. If you want to make big money in the bull market, like and comment, and I'll take you through the entire bull market!
