From historical data, December is often a month when the market experiences pullbacks.
Bitcoin is facing extremely heavy pressure at the 100,000 mark, while Ethereum has also reached a significant resistance level at the 3,800 price point.
Recently, the market trends of various altcoins have been chaotic. Personally, I do not recommend that investors blindly follow the trend and chase after rising prices (FOMO).
For Bitcoin, one should consider exiting or reducing positions, patiently waiting for the pullback cleansing phase in the middle of a bull market to seek opportunities to pick up those cheap chips after a significant price drop!!!
If there are partners engaged in harmonious trading, they might consider shorting those coins that have risen too much, such as XRP, ADA, Doge, etc. However, be sure to reasonably control positions and properly set the take-profit and stop-loss levels.
Here’s wishing everyone good luck!
