#ChristmasMarketAnalysis
Good afternoon. Judging by the current state of the market, we see a rather interesting situation, the market is red. Many did not fix their positions (me included) and are now seeing losses. My thoughts: New Year is coming ๐ it is logical that people will sell crypto and withdraw money for gifts, a holiday table, etc. And for whales this is a chance to buy at a discount and they organize this discount. So that we do not relax too much and do not earn too much, the market was pushed down. People who bought on euphoria, on highs with their last money, people who are in a difficult situation and have no money for the New Year ๐ except cryptocurrency will have to sell their cryptocurrency (and I am sure there are enough such people too). And here comes the sale, someone succumbs to their fear and also sells. In the future, when growth resumes and we see new ATHs among people who sold, the feeling of FOMO will awaken, which is a 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 (yet ๐). I am an ordinary Binance resident
Happy New Year 2025 to everyone!
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