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In recent times, Bitcoin has been fluctuating between 85000-90000, with repeated ups and downs in the market, causing long and short positions to lose their temper. This week, relying on the strong pressure of 90500, it continued to fall in the market. In the past ten days, it has rebounded multiple times above 89000 but has not stabilized, and the support below has also not been lost. After the surge, they were unable to hold on and tried multiple times between 89000-90000, but all failed. This indicates that the short-term bulls are uncertain and will cash out with a slight profit. Today, they have once again broken through 87000, and the daytime market continues the price decline from last night.
However, in the past two weeks, the market has been fluctuating horizontally almost every day, falling after a wave, and then rebounding strongly after a wave of decline. Today, we should also be cautious of similar situations. To go long is to go long when there is a pullback, rather than waiting until there is a pullback before taking action; Short selling is also about waiting until it rises before going short, don't wait until it falls before chasing after it. After shaking for so many days, it's almost the Western Christmas holiday again. In the past few years, there have been big market trends in the days before and after Christmas. Bitcoin and Ethereum will experience a big market trend at this time, breaking the recent pattern of volatility.
Some people believe only when they see it, while others believe only when they see it. The market shapes you when you follow the trend, and educates you when you go against it. All the worries turned out to be illusory, the market is not as bad as imagined, the long short game has never ended, and confidence is more important than funds!
Tonight at 7 o'clock, Xiao Yihang will meet you in the Tencent Meeting live broadcast room.
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Disclaimer: The above content only represents the author's personal opinion and is intended to assist investors in understanding information related to the capital market. It does not constitute any investment advice and does not represent the position or viewpoint of AiCoin. The market is risky and investments should be made with caution.