Mid-December Market Ramblings:

I just closed my gold positions, planning to get a good night's sleep, but after seeing $BTC's recent movements, I feel I need to say a few words. Having been in this market for many years, I still find it hard to let go of every fluctuation.

Since the obvious correction in mid-October, Bitcoin hasn't truly regained its footing. The rebounds are always short-lived, and market enthusiasm has waned. Many friends who are long have been gradually reducing their positions to cut losses.

Today, $BTC dropped another several thousand points. Right now, the bears hold the advantage, and market sentiment is quite low. But on the other hand, markets are so mysterious — sometimes, the darkest moments hide the turning points. It's easy to be fooled by just looking at candlestick charts; you need to consider market sentiment and your own judgment to see through it.

Personally, I don't think there's too much need to panic. I actually view the end-of-year行情 as less pessimistic; I believe the current support at this level is decent. Honestly, I was quite bearish for a while, but even then, I would try to build long positions when good opportunities arose.

Previously, I tried to accumulate longs several times at low levels and made profits from the rebounds. However, I failed to break through key resistance afterward. If you missed the last train at the lows, this position might be worth considering now.

Looking at longer timeframes, my target for $BTC is around $100,000, $ETH aiming for about $3,600, and $SOL targeting $142. Because these targets have quite a bit of room, I suggest treating them as medium to long-term holdings. But you should proceed according to your own situation; these are just personal thoughts and not any form of advice.

In short, gradually building long positions in mainstream coins like Bitcoin and Ethereum could be a worthwhile strategy. My feeling is that, by the end of the year, the potential for gains is greater than the risks of decline. Rather than constantly flipping positions, it might be better to hold with a longer-term perspective and see how the market evolves.

Wishing everyone smooth trading and rational judgment. #BinanceABCs $BTC $SOL