Good morning!! After the market pullback, we must realize that the origin of this pullback was the continuous outflow of capital.
At the end of December, close to the end of the year, many large companies want to secure their profits. They do this by withdrawing capital from the investment products in which they made profits. And that capital will return to the market throughout the opportunities that arise in the first quarter of the year.
Therefore, no one should rule out that the outflow of capital continues to occur. It is also true that this is being taken advantage of by other investors to enter and secure positions.
Bitcoin had a fall yesterday and it is true that companies are trying to make money quickly before the end of the year and close with the maximum possible profits, so certain companies are withdrawing capital from the market. Also, with the drop in interest rates, risk products such as cryptocurrencies and stocks are being abandoned.
If we combine the withdrawal of capital due to the end of the fiscal year and the abandonment of risk products, we can better understand the fall we are experiencing.
In my opinion, it looks bad and the next move for bitcoin will be to stay between 105,000 and 90,000 at least until mid-January. The problem is that if it falls below 90,000 it will be difficult to stop the fall and the bear market may return.
We have the big question: in the market correction; to buy or to hold?
Well, it will depend on our market outlook. If we are traders, it is a perfect moment to enter during the dips; buy and sell quickly, maximum 48 hours, and we are very happy with our profit.
But of course, if we are investors, we should have invested a long time ago, and now is the moment to hold.
Corrections, in my view, are not an entry point for investors, only for traders. In my concept of an investor, it involves buying to hold that cryptocurrency for a long period; months, perhaps years, and buying at the lowest possible point, that is, during a bear market. Not during a correction in a bull market.
How did we wake up today? It seems to be cold and we had a strong frost last night...
Well, I leave you the link to all the answers of the week and today's 2 #WOTD , I hope the sun comes out in your area and good weather accompanies you!!!!
Have a great day!!!
LIVE
Solanamaniaco
--
Well, today I took a little longer to bring you all the possible words from #WOTD , so let's get to the point.
All $BNB HODLers are in luck! Binance is giving us FREE tokens: Simon's Cat $1000CAT and Pudgy Penguins $PENGU, as part of the Airdrop program for HODLers! 👀 What's happening? ▫️Listing of 1000CAT: December 17, 09:00 UTC ▫️Listing of PENGU: December 17, 14:00 UTC ▫️Pairs: USDT, BNB, FDUSD, TRY 🔎 How to participate in future Airdrops? 1. Subscribe your $BNB to the Simple Earn products. 2. Relax, HODL and let Binance do the rest.
Earn rewards for doing what you already do: HODLing!
If you didn't receive this, don't forget to put your BNB in earn for the next ones!
After Trump's words in which he clearly said that he will create a bitcoin reserve in the first 100 days of his government, the price and the fever to buy bitcoin have skyrocketed It reached 105,000 dollars, something that despite the price, the buying pressure does not decrease... which indicates that it will continue to rise.
Despite the history of Luna (now LUNC) and the historic falls that have been suffered in the world of cryptocurrencies, it seems that the end of the bull market is far away.
More and more analysts who placed it at the end of March 2025 are moving said end to the end of 2025, which gives us a favorable climate for everything to continue rising with Bitcoin at the head.
Needs a vacation 15 days in the Caribbean or in the Canary Islands in an all-inclusive without doing absolutely anything but enjoying, and that is mandatory 😉
LIVE
男神天花板新哥
--
This is a true story. I have a friend with thousands of pancakes, yet he says he is depressed. The exact number of thousands is uncertain, but definitely more than three thousand. He was already free in the last round, and this round he says he'll never run out of money for a lifetime. Yesterday, he suddenly messaged me saying he finds life boring now, has no goals, and recently has no interest in anything he does. He feels that interacting with others is meaningless, and he completely doesn't care about the benefits that others pursue in life. He even finds it laughable to see others scheming against each other. He feels very lonely every night, and apart from numbing himself with alcohol, he can no longer find any way to make himself happy. He thinks no one can understand him or empathize with him. Brothers, besides swearing a bit, how can I advise him with tears in my eyes? $BTC
Who wouldn't want to have an NFT of Cristiano Ronaldo? Yes, of CR7. And what if it's free? We're already late!!!!
Well, I would like to introduce you to the MASTER: TIGRE_48 who explains how to get it.
I recommend you follow him!!!!
P.S.: DO YOU ALREADY HAVE YOUR FREE NFT OF CRISTIANO RONALDO?
LIVE
TIGRE_48
--
Free CR7 | Binance NFT
👨🏫 Follow these simple steps to Claim yours 🔸 Remember that it is Free for all Binance Users.
🔍 Select the search engine from the main menu . ↖️ Click on Binance NFT 🔸 If this option does not appear, I recommend changing the language of the app to English.
🔝 Select the banner you see in the image . ⏳ Wait a few seconds for the page to load the information and you can see the free claim button . 🔸 If there is not a good connection it may take a few minutes .
📃 Complete the simple questions . 🆔 Enter your Binance ID number ✅ Complete . 🔸 If you don't know how to find it, click on the yellow words in the text (use this simple guide) and you will be able to see how to find it.
🔸 More important news in : @Binance Square Official 🔸 #Tutorial 🔸 I hope this guide has been useful,.. 🔸 Thank you very much for the support . 🔸 🤝🐯🧡
⚪️🟡Official BounceBit x Square Campaign Announcement! It’s simple—complete below tasks and earn $10,000 in rewards! Earn $BB coins by: 1. Following our account 2. Sharing this pinned post 3. Participating in eligible trading activities listed here: Official Campaign Post 4. Create a post with a minimum of 100 characters using the hashtag #BounceBit
The Bitcoin Key Zone is a fundamental concept in the technical analysis of Bitcoin.
This zone identifies key levels of support and resistance, which can significantly influence price movements. By understanding these levels, traders can make more informed decisions about when to buy or sell Bitcoin.
1. **Identification of Supports and Resistances**: - **Support**: It is a level where the price has had difficulty falling below. In your chart, the support could be near the zone of 97,000.00 USDT. - **Resistance**: It is a level where the price has faced and has been unable to overcome. Based on the chart from the last 7 days, the resistance could be near 102,000.00 USDT.
2. **Technical Analysis**: - Observe moving averages (MA) and other indicators such as RSI or MACD to assess trends and possible reversals. - A crossing of moving averages upwards could indicate a bullish trend.
3. **Market Sentiment**: - News and events in the cryptocurrency market can influence sentiment and, therefore, price. Stay updated on relevant updates.
4. **Projections**: - If the price manages to break the resistance, it could indicate a bullish trend with projections towards higher levels. - If it falls below the support, it could indicate a bearish trend.