Banmu Xia: Currently, Bitcoin is not a very good opportunity to go long, the market will undergo complex consolidation.
On December 23, trader Banmu Xia posted on social media, "Bitcoin has reached a point where it is no longer a very good bullish opportunity. The liquidity logic for the medium term has also been weakened by the recent continuous ETF sell-offs. This is not the best bullish opportunity, but it does not mean that it won't rise later; the risks are just increasing. During the adjustment phase, if the opportunity is not very likely, then there is no need to participate; continue to observe the market's complex consolidation.
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Banmu Xia: Currently, Bitcoin is not a very good opportunity to go long, the market will undergo complex consolidation.
On December 23, trader Banmu Xia posted on social media, "Bitcoin has reached a point where it is no longer a very good bullish opportunity. The liquidity logic for the medium term has also been weakened by the recent continuous ETF sell-offs. This is not the best bullish opportunity, but it does not mean that it won't rise later; the risks are just increasing.
During the adjustment phase, if the opportunity is not very likely, then there is no need to participate; continue to observe the market's complex consolidation.