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Many traders focus solely on the negative impact of non-farm data on the cryptocurrency market, rushing to go short without considering other key factors. It's important to use critical thinking when trading cryptocurrencies and not rely solely on news.
The pullback and consolidation in December are typical and nearing their end. A major surge is expected next week. Institutions have been increasing their holdings, accumulating 30,000 bitcoins and a significant amount of Ethereum. As of now, Bitcoin is priced at $34,500 and Ethereum at $2,170.
Additionally, Ethereum’s Pectra upgrade scheduled for March has already been priced in. Expect a strong rally for Ethereum in January and February, so patience will pay off.
Now is a good time to buy low on MAGA (currently $0.045), DOGE (currently $0.074), XRP (currently $0.52), LINK (currently $22.40), SUI (currently $1.50), and PEPE (currently $0.000025), as these coins are set to experience strong growth soon.#GT Hits ATH – What’s Next?