Things turned pretty disturbing!
In the last 24 hours, both bulls and bears got wrecked — the market spared no one. To be honest, none of us expected this to happen, but it did. I’m no exception, as my portfolios are in the red too.
The difference lies in how you made your moves. If you remember my post from December 14th, 2024, I mentioned that I had mostly moved my funds to USDT and was gradually selling my BTC. I received a lot of hate comments for this, but I’m glad I trusted my instincts and stuck to it. Of course, my positions are in the red, but with most of my funds in USDT, I feel confident now.
The situation may not be the same for everyone, but hear me out.
BTC is forming a temporary support trendline around 96k. If this support holds, a rebound is likely. However, a close below this level on a 2-day time frame wouldn't be good. We can see fear consuming the market, but once it fully plays out, the rally will begin.
For now, patience is key. Opportunities will come, so wait for them.
The difference lies in how you made your moves. If you remember my post from December 14th, 2024, I mentioned that I had mostly moved my funds to USDT and was gradually selling my BTC. I received a lot of hate comments for this, but I’m glad I trusted my instincts and stuck to it. Of course, my positions are in the red, but with most of my funds in USDT, I feel confident now.
The situation may not be the same for everyone, but hear me out.
BTC is forming a temporary support trendline around 96k. If this support holds, a rebound is likely. However, a close below this level on a 2-day time frame wouldn't be good. We can see fear consuming the market, but once it fully plays out, the rally will begin.
For now, patience is key. Opportunities will come, so wait for them.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.