#ChristmasMarketAnalysis
The Madness of the New Year 🤪
Good afternoon. Based on the current situation of the market, we see quite an interesting scenario, the market is in the red. Many people have not locked in their positions (including myself) and are currently facing losses (I bought at the end of 2021 and I'm still at a loss). I believe the current situation may be manipulated. My thoughts: The New Year is ahead 🎄 it makes sense for people to sell cryptocurrencies and withdraw money to buy gifts, holiday tables, etc. And for whales, this is an opportunity to buy at a discount and they are organizing this sale. To prevent us from relaxing too much and making too much money, the market has been pushed down. Those who bought in a euphoric state, reached their peak with their last funds, those who are in difficult circumstances and have no money outside of cryptocurrency for the New Year 🎅 will have to sell their cryptocurrencies (and I'm sure there are enough people like that as well). And this is the sale, some cannot bear the fear and also sell. In the future, when growth continues and we see new ATHs from those who sold, the feeling of FOMO will arise, this is the catalyst for new purchases.
I want to say right away that this is just my opinion. I am not a professional trader, not a millionaire (not yet 😁). I am a regular resident of Binance and a long-term HODLer.
X20 sending everyone best wishes for the New Year! 🎄🎊🎅🪅