12.26 Market Overview:
$BTC Bitcoin closed today with a bullish candlestick, completing yesterday's doji morning star pattern.
Bitcoin is currently oscillating within a narrow range, with low market activity and liquidity. The upcoming New Year's holiday in Europe and America coincides with our Chinese Spring Festival. Therefore, I personally feel that the market won't see much action recently, just be patient and wait!
Bitcoin's market share is 57.1%, while ETH only holds 12.2%. The entire market is quiet and lacks liquidity; altcoins can continue to remain flat. If there's an opportunity to retrace to previous lows, consider gradually accumulating spot positions, then wait for the big bull market to arrive.
Bitcoin support levels are at 97796 and 96456, with resistance at 99399 and 10049.
In the last 24 hours, the entire network saw a liquidation of 192 million USD, with long positions at 117 million and short positions at 74 million; try not to hold onto losing contracts and ensure stop-loss measures are in place. If you lose your contracts, they’re gone. While spot trading may be halved, at least there’s room for recovery; in the crypto market, it’s not about who has more capital but who can endure until the end!
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