Christmas is always red. Last year, the account was drained. This year, just sitting quietly to watch. After the 25th, I will jump back into Altcoins. BTC dropped from 107K to 92K. Some Altcoins are still holding very strong (Link ~22$). In general, it's just bullish for altcoins. BTC is moving in a different rhythm.
It could also be that BTC is shaking off holdings to create a new trend for fresh investors to enter. A steady rise from 69K to 107K is already quite strong.
Image before the storm. At this moment, I was feeling very optimistic =)))) but just 10 minutes later it turned negative. I tried to wait for it to drop to -50% to cut, but it went straight down. That's why I made the post that it could drop to 96k, and indeed it dropped to 95k in the middle of the night =))))) In general, my spot trading is - light since I've been buying for a long time and only have a few coins. As for futures, 1700% vanished last night :))) being both inexperienced and greedy, with the mindset, it truly feels like being a cook. Some coins I bought back like wif, op. The rest I'll wait and see.
Just adjust as needed. It's not time to take profits yet. If you've doubled or quintupled on a few coins, you might consider taking some profits to optimize USDT in your wallet. I'm still bullish and holding because most of it is long-term hold. The next correction could be strong.
The buying area has been beautiful for a long time, pure technical analysis still shows there is a way up. However, the city has set a limit of 5k. If you come, you can secure it; if not, just hold on. It's not a trade item, so there's nothing to worry about. Hic, the other day you guys cursed me about the 100k btc too =)))) but my account is still positive. The one who makes money is always right.
$BTC When the entire market is very hyped about BTC reaching the milestone of 100K right in December, I have a thought that the price will only be in the range of 94k to 99k. The levels of 99k and 100k will not be as impactful as when it was running from the 80K range and reaching ATH at each milestone.
I am very bullish, but I think BTC needs a solid area for new investors or those transitioning from traditional investments to have a point to place safer bets.
In the long term, BTC is still King. And a King will always lead.