Can Bitcoin hold at $92,000?
If it cannot hold, how low will it go?
Is now a good opportunity to buy at the bottom?
As Christmas approaches, liquidity in the U.S. market has decreased
This may lead to more volatility in the Bitcoin market
The uncertainty around the Federal Reserve's interest rate cuts cannot be ignored, as it also impacts sentiment
Last week, U.S. Treasury yields climbed to 4.55%, a new six-month high, indicating rising borrowing costs that may affect the liquidity of the cryptocurrency market.
Currently, the market has accumulated a significant amount of short positions, and I do not recommend directly chasing shorts at this stage
You can wait for a rebound to higher levels, such as $96,000 or $97,000, before looking for short opportunities
These rebound zones may experience false breakouts, providing better entry points for shorting.
For spot trading, I recommend gradually building a position from the current price
If $92,000 cannot hold, you can appropriately increase your position, preparing to add further at $85,000 or even lower
There is considerable uncertainty in the market, so don't think about hitting the bottom in one go
Don't try to buy in one shot at the lowest point, and don't put too much money in halfway up
The current price range is a good buying zone
Altcoins to watch: sui pnut usual
Still the same thing, my friends
Regardless of the trend, I have ideas for trading
If you come to this market, don’t just be a spectator, how to have a good year this year
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