Some views on the midday market on December 11
First of all, in my opinion, Bitcoin surged to a price of 89,000 today, fueled by last night's bearish sentiment. Looking at the current price level, basically all short positions have stopped out or been liquidated, and most long positions have closed profitably. With the exit of the shorts, the liquidity of the market is gradually decreasing.
Under this strong bullish sentiment, there is a great hope for Bitcoin to reach 100,000 in the near future, but it will need some time for adjustment. Currently, if you take long positions, you must set stop-losses properly, as there is a certain risk of pullback.
It is now more recommended to pay attention to Ethereum and other cryptocurrencies with lower increases, especially to have a bullish outlook on Ethereum. The second-largest cryptocurrency is likely to catch up to 3,500 today.
Those who like to follow strategies can pay more attention to