BTC consolidation brewing a storm, altcoins are about to lead a new wave of wealth frenzy!
Speaking of this BTC pie, when it is stable and not fluctuating, that's when those niche coins we commonly call 'altcoins' start to become active!
I reckon the upcoming market is likely to enter a grueling consolidation phase. It will have to experience two relatively deep pullbacks, and the current market atmosphere is quite gloomy. The price of the pie is estimated to hover around 88600 to 102000, or even lower between 76800 to 92300. Why? Isn't it just to prepare for the spring of altcoins!
To be honest, if the pie really drops to around 76800, the bulls will be crying for help, as this one thousand dollars fluctuation can directly hit many people's liquidation and stop-loss points.
Therefore, operations are very cautious, positions are very small, and before there is a big trend, holding heavy positions is like jumping into a fire pit!
Tonight's market, I see it hanging, it will drop! Let's play short-term, do some swing trading, and if the market isn't good, look for small-scale bullish divergences to make some small profits. However, brothers must be careful, there are plenty of bearish traps and bullish traps.
It's Christmas, and as the Americans celebrate, we have to follow the drop; this time the bears are likely to win.
If the pie really consolidates around 88600 to 102000, that would be a decent situation for the entire market. But history loves to repeat itself; who knows, the pie might really fill that gap below, so everyone should stay alert!
Not shorting on Christmas, how to make money? The order book, K-lines, etc., may not look strong, but they are great places to set traps. A false breakout can make many bulls rush in foolishly, recharging their faith.
The upper pressure levels are at 99360, 100800, and the lower support levels are at 94700, 92300. If it stabilizes in the next couple of days, it will be a great opportunity to ambush potential altcoins; let's wait for the pie to calm down for a bit!
As for the upcoming layout direction, I will lead everyone to aim for the lucrative opportunities in altcoins, especially those with high potential projects, where a return of 10 times or more is not a problem. If you want to make big money in a bull market, like + comment, and I'll take you through the entire bull market layout
