BTC 60k support is broken, let's see how it closes today. The market liquidity is poor, and the short force is strong, there is always supply from all sides. The important support below is around 56,000, this is the double bottom position in the high-level structure, and the support point at the limit below is around 52,000-53,000, which is the high-level relay structure that was missed on the right. The short-term downward momentum is strong, the weekly level is not good, it is a strong supply form, and it takes patience to wait for the end of the structural adjustment. The large time frame is still a relay, and both time cycles and data support that Bitcoin is still in a bull market, continue to hold. On the altcoin front, the market continues to bleed, with no money-making effect, and almost all altcoins are in the adjustment phase. During this time, those who only hold altcoins will be very painful, so this is also why I have always emphasized the importance of balanced holdings. The vast majority of your holdings should be allocated to Bitcoin and Ethereum, even though their growth potential is not strong in a bull run, their risk resistance is very strong in this weak environment. The altcoin market still needs to adjust, and the momentum will have to wait until the next rise of Bitcoin, be patient. The above is just for sharing, for reference only, and does not constitute investment advice!
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#LADYS #BTC跌破60K,选择抄底还是等待? 7 January 4th
BTC 60k support is broken, let's see how it closes today. The market liquidity is poor, and the short force is strong, there is always supply from all sides. The important support below is around 56,000, this is the double bottom position in the high-level structure, and the support point at the limit below is around 52,000-53,000, which is the high-level relay structure that was missed on the right. The short-term downward momentum is strong, the weekly level is not good, it is a strong supply form, and it takes patience to wait for the end of the structural adjustment. The large time frame is still a relay, and both time cycles and data support that Bitcoin is still in a bull market, continue to hold.
On the altcoin front, the market continues to bleed, with no money-making effect, and almost all altcoins are in the adjustment phase. During this time, those who only hold altcoins will be very painful, so this is also why I have always emphasized the importance of balanced holdings. The vast majority of your holdings should be allocated to Bitcoin and Ethereum, even though their growth potential is not strong in a bull run, their risk resistance is very strong in this weak environment. The altcoin market still needs to adjust, and the momentum will have to wait until the next rise of Bitcoin, be patient.
The above is just for sharing, for reference only, and does not constitute investment advice!