The market has entered the late stage, should we take profits for long-term gains?
1. News Aspect
1. Market News
From the market situation: the price has been testing the 90,000 level back and forth during this period and has received effective support, leading to a market rebound, and then it has come back to the 100,000 level. Recently, the market has been highly unified internally, and during the price decline, large market players and long-term holders continue to hold and purchase Bitcoin. Many traders are even betting that the market might reach around 120,000 in Q1 phase.
2. News Situation
This week's data: The Federal Reserve will announce the ADP nonfarm payroll data on Wednesday and the nonfarm payroll data on Friday. The ADP data can predict the trend of the nonfarm payroll data, so Wednesday's data can be used to anticipate Friday's nonfarm situation. We can also use our institutional data for early judgment on whether Wednesday's and Friday's data will be bullish or bearish.
3. Institutional Situation
From the perspective of institutions: if there is a massive entry into the market during Friday's close, the likelihood of price continuing to rise on Monday night will be relatively high. Therefore, we can try to make low buys during Monday's daytime pullback and wait for the institutions to start operating at night.
