【2024-12-8 BTC Market Trend】

Currently, I want to share the market situation with you, otherwise, it might be confusing. Right now, Bitcoin is consolidating in the range of 100,000. This period of sideways movement might see some short positions, but friends who are planning for the long term shouldn't panic. Let's first pay attention to the two support levels below;

Support ①: 91532.8

Support ②: 77295.1

First of all, if this period of consolidation doesn't break below the first support level, there won't be any shorts. Those holding long positions shouldn't be worried. However, if it breaks below the first support level, then those holding long positions will need to reduce their positions because the pullback might be significant. Smaller coins might suffer more, potentially dropping by several points or even more, so we just need to focus on this position and hope it holds.

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