In a couple of days, the monthly candle will close, and Bitcoin has had three consecutive large bearish candles. It's not that I'm blindly bullish; mainly, there hasn't been a clear rebound yet. We haven't even touched 9.8K, and Ethereum is at 3500. We should at least have a test.
Recently, with Christmas and low liquidity points, the market has been sideways for a long time. I estimate that the next trend will be a major move. Rapid drops followed by rebounds are not ruled out. Currently, the suggestion is to go long around 2900-2920 with a stop at 2870. Take profits when possible, reduce positions, and keep a core holding to preserve capital.
There will be a day when this correction ends; it all depends on when that day comes.
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In a couple of days, the monthly candle will close, and Bitcoin has had three consecutive large bearish candles. It's not that I'm blindly bullish; mainly, there hasn't been a clear rebound yet. We haven't even touched 9.8K, and Ethereum is at 3500. We should at least have a test.
Recently, with Christmas and low liquidity points, the market has been sideways for a long time. I estimate that the next trend will be a major move. Rapid drops followed by rebounds are not ruled out. Currently, the suggestion is to go long around 2900-2920 with a stop at 2870. Take profits when possible, reduce positions, and keep a core holding to preserve capital.
There will be a day when this correction ends; it all depends on when that day comes.