The Christmas holiday in the United States lasts half a month, and retail investors are all resting on vacation. It seems that the whole world has recently quieted down. The Middle East is no longer causing a stir, and the confrontation between Ukraine and Russia is not as intense as before. It seems that the people of the world are all serving the American people. When the enemy does not move, I do not move.
Many people are worried that BTC will suddenly surge, but there is no need to be concerned, at least at this stage. Wall Street and financial operators also have emotions and life demands, such as food, clothing, housing, and transportation. They also need to rest and relax. Moreover, with retail investors on holiday, where are the big players to show off their moves?
As for the recent rebound of BTC, it is the behavior of Eastern country big players and speculative funds. There has always been a competition and hunting among the big players, so with the Western big players resting, it is a perfect opportunity for the Eastern big players to harvest retail investors. After all, there are still many retail investors in the Eastern country, which is just right for laying bait and making a big kill.
Recently, East Asia is still not peaceful. South Korea is impeaching President Yoon Suk-yeol, but the incident has not calmed down, and now there are renewed impeachment protests. Suffering is a choice made by people themselves. You don’t want good democracy, but insist on choosing authoritarianism; the chance to cry is still ahead. For example, in a certain country, the people's suffering is lauded as the working people's resilience, hard work, self-reliance, and not causing trouble for the state, which is quite shameless.
Currently, looking at BTC on the daily chart, it has been rebounding to the lower edge of the upward trend line, and if it can't break through after a long time, it will definitely correct. Recently, liquidity has weakened, with significant capital outflow from spot ETFs and Wall Street not being operational, so it is currently just in a sideways trading range. The upper pressure is around 99500. The lower support is around 95000-90500. I remind you again, if there is another significant drop, you must dare to enter the market in batches, as there is not much time left for everyone.
On the four-hour chart, the upper pressure is around 99540, and you can go short a little, with a stop loss set around 100500. Currently, there is selling pressure on the four-hour chart, so keep an eye on the K-line patterns, with lower support at 97805, 95555, and 92723. Recently, you can refrain from trading contracts, relax and lie flat, place orders in advance, wait for a pullback to enter, and just hold your coins.
The timing is not right, greed arises again, do not chase the high, as many altcoins are still in a downward trend. Be patient and wait; there is at least one more chance for you to enter, and when it appears, you must seize it well. Don't say I didn't remind you.