🌤 GM AE
Another tough night for the crypto market as $BTC tests the short-term bottom of 94k. If it breaks below this support of 94k, Bitcoin could drop further to 90k - 88k.
A lot of bad news has caused most investors to panic sell and pushed altcoin prices down:
- Microsoft shareholders refuse to invest in and reserve Bitcoin
- Google launches a new quantum chip, which could impact the entire blockchain industry for many years to come
- NVIDIA facing monopoly accusations
🔹 Even though the timing at the end of the year could lead to a deep correction, the early correction has also left most unable to react in time, and many traders are left empty-handed due to excessive leverage during the recent market surge.
🔹 Those holding a large proportion of USDT can gradually Buy Dip from here, as this price is better for holding or trading than the FOMO price of last week.
🔹 The altcoin prices are still in a sideways bottom, and the upward wave has not yet been confirmed, so I think you guys don't need to Long just yet. Don't be reckless for a little short-term profit and miss out on the chance to ride the big wave in 2025, guys!
