As night falls, silence prevails. I am your cat, waking up lazily from a long dream. On this deep night after Christmas Eve, Wall Street seems to be immersed in the warmth of the holiday, choosing a temporary rest, leaving us with a tranquil night that has no net inflow but also no significant selling pressure.
They only take one day off, and tomorrow they will resume their busy schedule, but the market at that time may still be in silence. Although institutions are present, it's hard to stir up waves, as much of Europe and America is immersed in the long holiday of the year-end break. During such days, the market's sideways movement or gentle decline feels so natural and expected. Especially with those altcoins, this decline may be even more apparent, like a chill in winter that makes one shiver.
But please remember, every fluctuation in the market is its unique language. When you see those lines jumping on the chart, take a moment to calm down and measure its emotions with those two diagonal lines on the 4-hour chart. As long as they do not break out sideways and do not drop below and remain unrecuperated for 24 hours, please stay calm, for the market is still on its path, moving slowly forward.
Jin Xin believes: Bitcoin, that old friend we are familiar with, tested the 971 range again last night. It has steadfastly held its ground, closing above the middle line on the 4-hour chart once more. Despite the lack of volume support, it has managed to stay here, which is already a rare persistence.
To those friends who bravely bought at the lows, your patience and courage will eventually be rewarded by the market. For those partners who bought on the way up, consider adjusting your stop-loss levels; don't let your unrealized gains slip away easily. Protect your principal and consider reallocating, as it may be wiser than simply holding on.
Many altcoins have quietly rebounded from the bottom, with increases even exceeding 20-30%. Although they still appear to be at a 'relative bottom' on the daily chart, the advantage of holding those positions is no longer as dazzling. Let us look forward to the movements of institutions tomorrow before deciding on the next direction, as choices are often more important than effort.
If you really can't help but want to enter the market, please do so in batches, embracing every rise and fall of the market with delicacy and caution. A 30% position, 30% added, 40% added, or a steady pace of 2, 2, 3, 3 are all your good friends. And once you are slightly stuck, don't rush to average down; confirm that the trend has stabilized before taking action. Don't let yourself stand on the slope, gazing at the peak that seems out of reach.
Currently, the market seems calm, with no short-term negative news to disturb this peace. However, unexpected events are always hard to predict, and we can only focus more on our own positions and safeguard the wealth that belongs to us.
Friends who are stuck in spot positions need not be overly anxious. As long as you are not stuck at the peak, the market will always provide you with an opportunity to break free before the pullback. Let us welcome each challenge and opportunity from the market with a calm heart.
On this deep night after Christmas Eve, may we all engage in a gentle dialogue with the market, finding our own peace and strength.