The bull has run away, and the bull has come back! $BTC Will it be 100,000 or 70,000 next year?
Recently, whenever the market drops, some people panic and shout at the intraday charts that 'the bull has run away'; when there’s a rebound, they scream that 'the bull has come back'—playing short like this, it’s no wonder the mindset collapses!
What we are looking at is the weekly trend, not the ups and downs of today and tomorrow. Just like that wave of adjustment in 2024, Bitcoin has broken through the trend line several times and crawled back, and the chart is still accurate; why rush?
In December, the Federal Reserve is definitely going to cut interest rates by 25 basis points; the market will take the opportunity to breathe and have a small rebound, but don’t get too excited! At the end of the year, those people on Wall Street are already too distracted to make big moves, just settling accounts; who is going to go crazy with you?
Moreover, the monthly level hasn’t even finished adjusting! Bitcoin is very likely to be knocked down to around 80,000 and shake around, pretending to entice short positions and wash the market, waiting for February to close a monthly bullish column, which is what you all call the 'New Year market'; then look for opportunities.
To be honest, I actually hope Bitcoin drops quickly to 70,000! The cleaner the bubble is squeezed, the more severely the speculative fire of MEME coins is suppressed, which will allow for the next main upward wave.
Next year, the market will definitely be split, with both 100,000 Bitcoin and 70,000 Bitcoin appearing; hold on to the chips in your hands. Recently, the main focus is still on internal sharing; if you want to learn more useful tutorials and trading ideas, enter the chat room to unlock more valuable knowledge.
