Bitcoin is entering a phase of significant corrections, as anticipated earlier this month. The charts indicate the first drop will likely target the $80K–$82K range, followed by a second decline into the $75K–$80K zone. These movements are expected to occur over the next three weeks.
This month has been challenging for crypto traders, consistent with December's usual market behavior, influenced by factors like Christmas and end-of-year sentiment. The final week of this month and the early weeks of January could be particularly tough for crypto enthusiasts.
Here’s some advice to navigate this period:
1. Trade Smartly: Only engage in trades where the market shows two consecutive daily bullish candles at a strong downward support level. Your target should be the nearest resistance zone.
2. Consider a Long-Term Approach: If conditions are unclear, it might be wiser to hold and focus on long-term growth.
3. Prepare for January: The mid-January period is expected to kick off the next bull run. However, this bull market may behave like a roller coaster, so take profits at key levels to avoid getting caught in sudden corrections.
Stay disciplined, follow technical signals, and plan trades wisely during this volatile phase.
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