#btc 291/1 : HAS ALTCOIN HIT THE BOTTOM YET?

In my personal opinion, not yet.

First, let's touch on the current situation; although BTC is recovering and fluctuating around 102k, altcoins have dropped by half, even a quarter, and are still continuing to search for the bottom.

Looking at BTC in the medium term, there’s something to note. The 97,500 area is crucial; everyone should pay attention to this zone. If a daily candle closes below this price, BTC's next target will likely drop to 92k, and we will wait for further reactions. Conversely, if BTC does not close below this area, it is very likely that there will be a liquidity sweep up to 111k - 112k (this is the highest price until the end of the adjustment).

Personally, I and others in the group are still holding a short position on BTC from 108,500 and have set a stop-loss entry.

As for altcoins, it’s bad, really bad. My first warning to exit was on December 5, and it has currently helped many people avoid getting stuck at the peak. Those who criticized me back then must feel quite relieved now :)). A little view on altcoins: the total 3 has very little new capital flow, so an uptrend at this moment is IMPOSSIBLE. BTC Dominance will have to test the peak, or worse, the new ATH, so everyone should not rush to catch the bottom of altcoins. Please try to wait until the end of February or until there is a reversal signal before buying.

🧧Happy New Year 2025. Wishing everyone a new year filled with health, peace and happiness. A new year full of luck and many changes... especially in the investment field.

🎉 Hope for a better new year, more breakthroughs and hope that 2025 will bring many opportunities, profits and complete success to all of you.

✨ Opportunities always come to us, everything is just a challenge to reap the sweet fruit, each of us must be persistent, disciplined and have faith in victory. Be steadfast in your decisions.

📌 Trading Insight wishes you a happy new year. Sending the best wishes to everyone. In 2025, fight harder, and get rid of the stuck.

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$NEIRO Already finished, brothers huhuhuhu

$TRUMP we will shed our bodies here. die surrounded by mulberries

$ANIME Hai days ago I shorted it. Today I saw it free falling so I decided to try a long order, but why did it get matched like that. I don't know where it's going, but for this one, if I lose 100u on the long position, I will sell immediately, hoping for a little help from the sharks before I get out. 😂

$MELANIA according to Trump, the money is with his wife, he only has hunger

Update on BTC.D situation on January 16, 2025

BTC.D after the recent increase has been rejected at the 58.75% level (Fibo 0.786)

BTC.D is currently at 57.78% once again closing a candle below the 57.85% level (Fibo 0.618)

P/S: The cycle is still repeating. Hold - Be patient - Wait.