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Preparing to profitably liquidate many longsSpot positions on December 22, why choose this time to operate Node?
From the target price point of view, our expected target for Bitcoin is 107,000 to 110,000, and for Ethereum it is 4,000. After the Christmas gathering week, the 'whales' (large fund holders) in the market are likely to start harvesting or stop-loss operations. Last week, funds from Bitcoin have already been withdrawn, but there is no need to worry as the funds are now shifting to altcoins, so we should not have major issues. Chart signals and operation reminders.
I will also refer to relevant charts to explain what we need to do this week and next week. Taking the NEAR chart as an example, you can find a bearish engulfing candlestick, which is not a good sign; but if you look at the ins UI chart, the situation is different. Friends who pay attention to the bullish closing signal should be careful. In November, most of them encountered resistance to the extent of the rise and the weekly chart also showed a bearish engulfing candlestick, which means that the decline in the next period is likely to be greater than last week.
So, if you are an investor who was impacted by the market downturn last week, it is particularly important to stay active and actively close Spot positions in the next 10 days. Don't stumble in this wave of decline from December to January.
We will reassess the market situation again a week before Trump's inauguration. Overall, both Bitcoin and the total market value will continue to rise, but it should be noted that not all altcoins can rise with them, only a few can keep up.
Don't forget to follow and let's ride the waves together in the cryptocurrency world, earning abundantly.