Banmuxia: Currently, bitcoin is no longer a very good long opportunity, and the market will undergo a complex consolidation.
According to TechFlow, on December 23, trader Banmuxia posted on social media stating, "Bitcoin has reached a point where it's no longer a very good opportunity to go long. The medium-term liquidity logic has also been weakened by the recent continuous ETF sell-offs. This is not the best opportunity to go long, but that doesn't mean it won't rise later—it's just that the risk is increasing. During the adjustment phase, unless there is a very high probability opportunity, there is no need to participate. I will continue to observe the market's complex consolidation."
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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