Bitcoin stabilizes at $84,000. What's the next move?

Question

【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.

BearMarketNoodler · Accepted Answer

Is a tired seller a signal to enter? I've heard this phrase in every cycle, but this time the trading volume is really impressive.

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I agree with going long below 90,000, but don't be fooled by the big pancake; January has always been the harvest month.

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Wait, the big players are on vacation, and they still dare to enter? Isn't that asking for death?

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The order book is thin and can be broken through, isn't that logic backwards... The real situation is that when they actually enter, they can't push it down.

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Clear stop-loss levels and you dare to get in? I remember saying the same last time, and it ended in liquidation.

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Instead of trying now, it's better to wait for a break below 8.4; that's what we call an opportunity.

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A drying-up trading volume is inherently a warning sign; you insist on calling it an opportunity, fine, I'll just watch.

PoetryOnChain · Answer

The seller is exhausted, waiting for big players to enter the market.

RebaseVictim · Answer

When trading volume dries up, it's often the easiest time to be manipulated. I don't believe you at all.

MetaverseLandlord · Answer

A dry trading volume is actually an opportunity; I love this logic.

GateUser-9ad11037 · Answer

Is a dry trading volume actually an opportunity? It sounds okay, but I’d rather see when the big players will actually make a move.

LiquidityWitch · Answer

the order book's basically a ghost town rn... which honestly? kinda slaps for anyone brave enough to summon some real volume into this thin air. that 8.4k hold is giving me "sellers are completely drained" energy and i'm here for it.

ContractHunter · Answer

Now the trading volume is so dry, it feels like waiting for the explosion point.

It's really worth trying below 90,000, but the key is to have good psychological preparation.

Big players are all sleeping; such windows don't come often, right?

There's a bit of gambling involved, but the logic makes sense.

If January becomes volatile, jumping in now might really not be a bad move.

I'm just worried about a sudden black swan, with such a thin order book...

I generally don't refuse orders with clear stop-loss points.

Everyone's on holiday, but the market is the real boss, which is interesting.

The judgment that sellers are exhausted feels too subjective.

Whether it can be done depends on whether a few big buyers can come in.

Bitcoin stabilizes at $84,000. What's the next move?

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