Yesterday I posted an article saying “Today’s bottom will be tomorrow’s top” and many people commented saying I said the opposite. It’s true, I typed it wrong. But looking back at the market this morning, that mistyped thing turned out to be true, at least for today =))
Last night, a total of 500 million USD of leverage orders were liquidated, and $BTC crashed straight down to the 96-97k zone. The door to a deeper crash to 94k is still very bright. Perhaps it's close to Christmas and New Year's Eve, many people started to take profits/cut losses partially or completely to convert to cash. This led to a simultaneous decrease in coin prices and the USDT price is currently quite high. For those who want to cash out to VND, this is also a good time 💸
The market is red but it is also the time when many coins return to good entry levels. Those who are confident can consider entering lightly with about 10-15% of capital, and those who are afraid can just hold $ and stand outside to observe.
No one knows for sure where the market will go in the future, but in my opinion, mid-2025 will be the peak of this uptrend. So those of you who are holding spots, don't panic and sell off, just be patient and hold on. As for Futures, limit them, or play small orders like 1-2% of your account. Otherwise, you will become a small fish swallowed by the whales =))
Be careful, be patient, and catch good waves guys! 🚀
