Good news for short trade holders and advice for long traders!
Yes, the crypto market is highly volatile and influenced by many factors! Similarly, something as simple as Christmas, approximately 40 days away, can have an impact.
Usually, before Christmas, many small withdrawals from spot holders can significantly affect the market. Around 10-15 days before Christmas, the market can be short.
After Christmas, in January and the start of the New Year, the market often pumps for up to 3 months. This has been Bitcoin’s historical movement pattern! BTC tends to follow this because it relies on holders’ mindsets.
This historical analysis—not a technical one—shows that BTC 99% of the time adheres to these patterns.
So, this can bring some relief to short holders, and long traders can book some profit!
Even though BTC can cross $95k easily, it could also reach $110k. After that, you can expect the Christmas retracement.
Plan your positions accordingly!
Don’t go against the trade & its not for new trade advice just position and safe your existing trades !