Will Bitcoin experience a black swan event?
Christmas Eve on December 24
Tomorrow is Christmas, the New Year for Americans. Bitcoin has formed a double bottom on the four-hour chart here. Will the major players push the market for a rebound?
Personally, I believe that Bitcoin's correction is not yet over. Even if it moves upward here, it will only be a temporary rebound, and the reversal trend is far from arriving.
However, altcoins are showing strong performance. Some of the altcoins I have previously invested in, such as WLD and SOL, have seen quite good gains!
Additionally, the big and small events (breaking below 95,000 and breaking above 100,000) happened a few days ago. The usual approach of the major players is to break through on both sides, just a matter of time, as I mentioned before.
This week, I am most concerned about when Bitcoin will trend upward in a V-shape. The earliest upward timeline appears to be after Christmas, and the worst-case scenario is a pullback to around 90,000 first!
So let’s just be patient and wait!
For friends who are confused about trading right now, for those still losing money, and for those wanting to recover losses, comment 111 to get on board. This bull market will help you get rich.
