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Bitcoin stabilizes at $84,000. What's the next move?
【Crypto World】Trader recently shared his market observations: he has already gone long on Bitcoin and several small-cap coins. The current situation is a bit special — most people are on holiday, even large investors haven’t been very active, and Bitcoin has not effectively broken below the $84,000 level. The entire market trading volume has now dried up completely, and sellers are exhausted.
He believes this is actually an opportunity. “As long as a few big buyers step in, the thin order book can be broken through in minutes.” He stated that the upside potential below $90,000 is quite good, and the stop-loss levels are very clear. “Instead of waiting until $95,000 or even $100,000 to hesitate, it’s better to try now.”
From another perspective, it’s about the time cycle. He mentioned that January has historically been a volatile month, and as December comes to an end, he predicts this volatility will return in some form. Overall, he is optimistic about the opportunities within this time window.