Bitcoin hits the bottom in one go, is December predominantly bullish?
This time Bitcoin went from 92,000 to 84,000, and then returned to 92,000, going through a roller coaster-like market. Then it came back again. From an overall strategic perspective, November is bearish, while December is bullish. Even if there is a significant drop, it will happen after January.
In the upcoming market, it's actually right for you to enter the market; not entering is also not wrong. Because all the waves you enter belong to the rebound level of the market. When the big coin returns to 110,000, it is also very expected. So you don't have to enter to make a long position or participate in the market because it is currently at the rebound level; you can choose not to participate. This is just like Zen; both choices are valid.
Our next strategy is to insist on going long in December!
In this wave of market movement, there were operational errors, like the big drop last time, and the big drop the day before yesterday. This big drop was actually a deliberate shakeout, and we had already exited the market early due to some points, resulting in feeling that the market did not exceed expectations for a rebound and then we left.
Then on the second day, there was a big rebound from yesterday. In fact, this small mistake doesn’t count as a real mistake, mainly because I wasn't in Chengdu. Secondly, the current market has many unfavorable factors for the Eastern market; you can no longer stay up late to study the market.
Health is more important than anything else. While making money, you must prioritize your health. Just like my eyes are very sore; I spent too much time looking at the market a few days ago, which is a result of over-researching this area. The root cause, after all, is playing high-leverage contracts and having short rest times. Every morning, the first thing I do is turn on the lights. Back then, I couldn't even open my eyes when the light was on.
When I opened my eyes, it was particularly glaring. It was when I was getting up every day with strong light, then turning on the light, and the strong light hurt my eyes. Now I often read books and stare at the market to study trends, which has caused significant damage to my eyes and discomfort.
Therefore, at any time, health should be the priority. Especially in such a market, eating should only be for small-scale movements; aiming for big gains could lead to significant losses.
It's about balancing between making money and not making money. You might say that not entering the market is a valid point, but even for small-scale movements, it may not be worth it to engage. If you enter, you should do so with a small position, but this relates to the level of the market, and further research on the overall trend is also involved.
A favorable factor in December is the Federal Reserve's expected interest rate cut, along with the correction of Bitcoin, so there is a greater chance of rising to 110,000, which is a positive factor for the entire market.
So let's keep it simple today, everything I've said today has been converted from speech to text, and there may be some typos, so I hope everyone can overlook that.
