This sharp plunge is a bit unbearable
Both the pie and Ether began to make a sharp correction. The pie fell directly from 44,000 to 40,000, a direct drop of nearly 4,000🔪. This was an opportunity to start to burst the bulls after rising for a while. The pins inserted in this wave made the bulls unbearable. .
As the price drops, you can pay attention to entering positions. This wave directly pulls the point to a low point. You can take the opportunity to ambush altcoin positions at the low point. The pie and Ether will definitely close or rise later. Make a good layout and wait for the market trend later. take off!
This week we need to pay attention to several major events and time nodes that affect the encryption market:
On December 12, the United States released CPI data for November. It is one of the core data of U.S. inflation and is directly related to the direction of the Federal Reserve’s policy changes. However, I feel that the market fluctuations caused by Tuesday will not be large. After all, there will be more important data released later.
On December 14, the Federal Reserve announced its December interest rate decision statement, which is whether to raise interest rates in December. Of course, regarding the issue of interest rate hikes, it is basically determined that there will be no interest rate hikes. The issue of a small probability of interest rate hikes currently exists, but the probability is too small. Can be ignored.
On December 14, Federal Reserve Chairman Powell held a monetary policy press conference. This was also the Federal Reserve's last public speech in 2023. The press conference will inevitably focus on the current inflation pressure, the labor market situation, and everyone is concerned about when the Federal Reserve will cut interest rates. If there is a certain discussion, the content of the discussion will directly bring greater fluctuations to the risk market. The most volatile is the US stock market, followed by the encryption market, and may even change the short-term trend of the encryption market.
The release of a new dot plot will also better prove the Fed's future policy changes.
On December 16, FTX submitted a relevant revised restructuring plan. This is basically the progress of FTX restarting 2.0. It will be beneficial to the token FTT in the short term. The recent changes in FTT are also related. Investors in the Japanese market have recently received compensation, and The bankruptcy team has recovered more than 7 billion US dollars, which can be regarded as a better historical process in the restructuring plan.
