Observing today's market, it began with a flat opening and subsequently showed upward momentum. However, signs of selling pressure emerged. Despite a brief market recovery, it appears to be range-bound.
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Anticipating a minor correction this week, today posed challenges. Notably, fluctuations arise with selling pressure when the market ascends and buying pressure when it descends.
The reason? An impactful event this week—investors keenly await the central bank interest rate and a US regulatory decision on new Bitcoin products, shaping their strategies for the new year.
Bitcoin, the leading currency, has seen substantial gains, nearing a doubling of its value. With no adverse news, expectations suggest further Bitcoin rate increases.
Considering the cryptocurrency's 2021 peak, indications point to it surpassing its all-time high. Caution is advised for potential profits in 2024I have been waiting for such a great scenario, and now I will try to take advantage of all the advantages.
I think, like me, all the other traders and investors have been waiting like me and other small traders. I hope that we will achieve success because patience is the key to success. I am very delighted in this situation and am just waiting for confirmation.
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Yet there are some fluctuations in the market, so it is dangerous to plunge into the market. I advise all the traders like me to wait and choose a strong coin and try to buy it in the dip and hold it till the halving. My own opinion is that it will give a five- or six-time profit.
So hope for better, and let's enjoy the bullish momentum as we have been suffering from bearishness for a very long time. Now is the time to get a profit and overcome all the losses. I will pray for all my other friends who have been suffering from losses.
The content I shared with you guys is based on my education and knowlede. I wish you people will appreciate this post and reblog if you like it. Thanks for sticking till the end.
