Is the blockchain crashing? Will it really drop to 88,000?
Is the blockchain about to crash? I mentioned before at 98,000 that it might drop to 87,500, but at that time, almost no one believed it, not even myself, I was really worried, is this really possible?
Now it seems that the 87,500 level might actually be reached. If everyone had seen my analysis earlier and was prepared, when it really drops to that level, we can take action! This is actually just a normal correction, after all, it has risen so much before, a little pullback is very normal. All coins basically look to Bitcoin's movements, once Bitcoin drops to around 80,800, other coins can basically be considered for entry!
Also, at 3 AM today, the Federal Reserve will announce the minutes of the November monetary policy meeting, which will mention views on future interest rate cuts, this could have a significant impact on the market, everyone should pay attention. Our operations yesterday, whether short or long, were quite good, Bitcoin gained nearly 6,600 points, and Ethereum also gained over 70 points. I was too busy yesterday to update.
From a technical perspective, the overall trend is still a fluctuating downward trend, the bullish rebound hasn't started, which is the best proof. The local area is still adjusting and may continue to fluctuate. In the short term, we will look bearish first, but the rhythm is still fluctuating, the rebounds can only be seen as adjustments for the bears, after all, the space is limited. Watch for changes in patterns, and be ready to exit at any time.
Additionally, the test of a bull market is not just about the rise and fall of prices, but also a test of our mentality. In the face of account fluctuations, we need to remain rational; next, I will announce the next tenfold potential coin! Guessing is not as good as seizing the opportunity! Like + leave a message, feel free to share.
