Personal Thoughts
The previously predicted return to around 90,000 did not happen, and the sentiment in the risk market during the New Year is temporarily not very optimistic.
At the same time, the historical phenomenon of the Christmas rally in the US stock market has also not occurred. 🎄
As BTC fluctuates and declines in price, the daily moving averages have started to continuously move down, which also drags down the daily mid-line. The short-term daily support range is around 90,900; if the price continues to fluctuate downward, we can only refer to the support situation at the 90,000 integer level.
Currently, the BTC price has fallen below the concentrated area of chips around 92,000-100,000, but it has not yet triggered a sell-off of chips at the upper level.
I think it is crucial to observe whether people will bravely buy in if it reaches 90,000, or whether they will panic and sell. This is a very critical point.
Recently, the market conditions are more suitable for high leverage on Bitcoin.
Altcoins have not continued to decline; we can rely on the support of the second-tier coins at 3,300 to repeatedly go long, accumulating small gains into larger ones.
