The worst main upward wave, I give up. The daily line, 3-day line, weekly line, and December monthly line all look terrible. From the daily line perspective, it is currently undergoing a significant correction process, but at this position, this major correction is really frustrating. The pattern is completely broken, and there is no FOMO sentiment of divergence at the position of 108000. Usually, at the peak of a phase, there will be a lot of FOMO, specifically manifested as large fluctuations in the daily line with doji candles. This time, it slowly ground up and directly penetrated from 98500 to 99500, which looks like buying power is severely insufficient, and there are too many sellers. When buyers pause, it just can't hold up. The range from 98500 to 99500 is an important support to maintain the upward trend. Generally speaking, the main upward wave is a process where the bottom is constantly rising. Once it goes up a level, it basically won't return to the previous level. Here, after officially going up, it directly penetrated back to the previous level, and the short-term risk has increased significantly.
Only those who held low positions can continue to observe. It is fundamentally impossible to enter the trend. There is no gambling mindset. The uncertainty is high, and to gamble, one must stop loss below 85000, as the risk is too great.
Without a black swan event, 85000 is the last tolerable position. For those who held low positions, as long as it does not break 85000, they can continue to hold. If it breaks, it's best to at least reduce positions and continue to observe, at least until next week.
For the upcoming layout direction, I will guide everyone to aim for profitable opportunities in altcoins, especially those with great potential projects, where an expected return of over 10 times is not a problem. If you want to make big money in a bull market, like and comment, and I'll help you layout the entire bull market!