Personal Insights
The previous prediction of returning to around 90,000 has not materialized, and the market sentiment around the New Year is temporarily not very optimistic.
At the same time, the historical trend of the Christmas rally in U.S. stocks has not occurred. 🎄
BTC has been oscillating downwards with the price, and the daily moving averages have started to consistently decline, which has also pulled down the middle band of the daily chart. In the short term, the daily support range is around 90,900, and if the price continues to oscillate downwards, we can only refer to the support situation at the 90,000 psychological level.
Currently, the BTC price has broken below the concentrated trading zone around 92,000-100,000, but has not yet triggered a sell-off from the upper positions.
I think the key observation now is whether when it reaches 90,000, everyone will bravely buy in or panic sell, as this is a very critical juncture.
Recently, the market conditions are more suitable for high leverage trading.
Altcoins have not continued to decline, and we can continue to rely on the support of 3,300 to repeatedly go long, accumulating gains bit by bit.