Yesterday, the market was green again, and everyone was happy.
Today seems sad, doesn’t it?
Basically, what you said from the previous time is still the same, nothing has changed. But I will rewrite it once so we can all feel more confident and at ease!
Basically, at this moment, how the market operates is due to the traders. If you look at the chart, the daily candles are encountering resistance at a larger framework; breaking 107k will surely lead to 120k. Or it could drop to 85-87k, which is just a daily candle. What is basic is that since Trump took office, everything has been reflected since November and has risen from 6x to 100k, so the day he took office may not have been good for the market.
As for altcoins, you can see that BTC.D is in a downtrend, and TOTAL has almost completed its accumulation pattern. And it won't pump before Tet, so there's no need to wait. First, people in China, Vietnam, India, Korea, Japan... celebrate Tet very big, so there's a psychology of taking profits to celebrate Tet. Therefore, those Westerners wouldn't be foolish enough to push it during this period. Additionally, according to previous cycles, it’s usually after Tet that the market pumps; now is the time to scare and tease before the biggest uptrend – I believe that.
Now every coin is already at its old bottom, selling now would indeed be worthy of criticism. After going through so many ups and downs, are we really going to sell just because we feel a bit discouraged? Honestly, if there's a drop today, it will still just return to the old bottom from 3-4 days ago; there's nothing alarming about it.
Today is the 20th day of Tet, so for those who are holders like me, just turn off the app, finish up your year-end work well, and prepare for a traditional Tet celebration with family. As for coins and other things, just leave it until after Tet to deal with. Because ultimately, we are here to make money to improve our quality of life, right? Improving? I don't see it; I only see sleepless nights and crying over the app all day. So I honestly recommend selling quickly and depositing the money in the bank as soon as possible...