Analysis and trading suggestions for Bitcoin on December 18
Recently, Bitcoin has broken a new high, reaching $108,000. American capital has been buying continuously, increasing positions at high levels, and everyone is optimistic about the future. However, the upward momentum seems to be lower than the leader’s expectations, and the technical indicators are also at a high level.
However, $BTC the platform from 11+ to 13 must be reached; it’s reasonable for Bitcoin to fluctuate between $3,000 and $5,000, with a gap to be filled at $102,000 - $105,000. This range of a few thousand dollars is not significant for Bitcoin, but altcoins might get hit hard.
Bitcoin is experiencing sideways fluctuations and rising, draining liquidity, and the pullback of altcoins is almost a foregone conclusion. Moreover, recently various projects have been airdropping tokens, and many VC coins have been listed one after another. $MOVE $ME $ACX $ORCA $THE $VELODROME, etc.
If you buy in, you will be trapped. So the leader reminds everyone to try to sell these airdrop coins or newly listed VC coins at this stage, because if you don’t sell, others will sell, and institutions are eager to cash out!
Seize the opportunity to quickly adjust positions towards strong altcoins. After last week’s spike, strong altcoins continue to reach new highs, such as $ENA $AAVE $ondo $link, etc.
After taking profits, ETH, SOL, and DOGE can all be held as supplements; there shouldn't be any issues with these three in the big picture.
In the face of the potential pullback risk during the transition period of December and January, we must pay attention to position management! Risk control is always the top priority.
Previously, there have been several pullbacks, and I saw some friends liquidating, the price is still the same, but their positions are gone (mainly the leveraged part). I really can’t bear to see this happen.
In fact, most targets in the market right now are not cheap, especially those related to Trump.
At this point, there aren’t many targets that can be selected following Bitcoin’s rhythm, and if forced, prioritize ETH and DOGE. For others, we can only continue to wait ⌛️
At this time, Bitcoin keeps rising, and when your relatives and friends ask you if you’ve made money, you find yourself at a loss for words 😮💨
When buying, you don’t necessarily have to follow others, but rather choose projects that you recognize and understand. If you get it right, the subsequent rise is just icing on the cake.
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