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Quietly observe trends
Crypto Newbie
2025-12-24 12:26
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US stock markets are closed tomorrow, and tonight is Christmas Eve, a time when major players often stir things up. Casinos usually loosen their betting rates on Christmas Eve; will the cryptocurrency market follow suit? Given the poor market performance these past two days, I don't have high hopes. In a non-bull market trend, Christmas is often a "Christmas crash," and we should be wary of a sharp drop, as the sharp drop following Japan's interest rate hike hasn't happened yet. 88800-90825 is the current resistance zone for BTC. It has been reached multiple times but hasn't held, so shorting on rallies is the safest strategy. Especially if there's a rebound during the day, be extra cautious tonight. Small drop: Bottom at 85085 (1-day Bollinger Band lower band); Large drop: Bottom at 80666-78850 (15-day Bollinger Band lower band).
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