Merry Christmas. Although the holiday atmosphere is strong, the key word for today in trading is "vacuum."
Due to Western institutions and market makers collectively on holiday, CME and US stocks are closed, and the market has entered a phase of extreme liquidity shortage.
The logic is simple: in an order book as thin as a cicada's wing, a few hundred BTC in sell orders can create a large pit, and a few thousand ETH in buy orders can pull up a long green candle. Such fluctuations lack "sustainability" and are mostly a game between bots and retail investors.
I suggest everyone put down the market and spend more time with family. Today, without incremental funds entering the market, preserving the principal is more important than anything else.
