BlockBeats news, December 23, Chinese crypto analyst Banmu Xia posted at noon stating, “Bitcoin has reached a point where it is no longer a good opportunity to be bullish. The mid-term liquidity logic has also been weakened by the recent sustained ETF selling.
This is not the best opportunity to be bullish, but it doesn’t mean it won’t rise later; it’s just that the risk is increasing. During the adjustment phase, unless there is a highly probable opportunity, there’s no need to participate; just continue to watch the market undergo complex consolidation.”
