Yesterday, the US stock market dropped a little, serving as a reminder for Wall Street traders to play well and come back to work. Currently, from a technical perspective, it seems that US stocks may be in for a few days of fluctuation. I believe that most stocks are being managed by robots, and the traders have little time to focus on the market, as everyone also wants to take advantage of the holiday time to make some gains. However, after returning to work, it may not be the same; in a few days, there might be another drop, as if to let retail investors spend their travel money.
Recently, Trump has also been busy preparing for the inauguration while dealing with the situation of the Russia-Ukraine war. Being a businessman, he is quite slippery. During the campaign, he said to end the war as soon as possible and stabilize Russia to prevent unrest. Now, he can free up his hands to deal with the geese. He is asking EU countries to increase their military budgets while also boosting military aid to Ukraine. The war continues, benefiting the US, as it can sell weapons while also depleting the strength of the geese and restraining the movements of Eastern countries. However, there is one point: recently, India has dispatched 12,000 special forces, losing nearly 3,000. It seems that the dictator sees them as walking dollars. The international situation remains unstable, and if black swans do not emerge from economic policy, they can only be created through confrontations in war.
Currently, BTC saw a bearish candle yesterday, with short-selling power relatively strong. It is now fluctuating around the lifeline, with resistance at 99,500 and support at 95,000, around 90,500. From the pattern, the market will not reverse temporarily. BTC still needs another push to truly fluctuate around 90,500 for a while until the indicators are repaired. The next rise will be a one-sided market, likely around mid-January.
On the four-hour level, it should be a fluctuating market, with resistance at 97,800 and support around 95,000-92,723. In the next couple of days, short-term trades should be quick in and out, without overthinking. It is still advisable for those with a cyclical layout to place orders in batches in advance and, once they obtain the coins, just relax for a while.
Today, the number of people going long is increasing, but I want to remind everyone not to overthink it; just build positions and take profits. The big coin still needs to drop to the right level. Currently, it remains a bearish pattern, and as for shorting, it may also be a short sell. The next wave may not be a rebound but a reversal. If uncertain, just relax, as the year-end is approaching. Move less, stay hidden, and the spring will bloom next year.