Current market situation:
Yesterday's drop in Bitcoin and altcoins occurred due to profit-taking, as well as a dominance of $BTC , which reached nearly 58%. $ETH reached $4000, which became a trigger for profit-taking.
What awaits the market:
News from the USA: the market is awaiting labor statistics (can be checked in the economic calendar). The FOMC meeting is scheduled for December 18, where a possible rate cut will be discussed.
Current scenarios:
$BTC could rise to $101K if the positive sentiment is maintained. Or, conversely, it could retrace to $95K, then to $90K, and even $88K, shaking out long positions from the market. After that, a bullish reversal is possible.
Since I was catching falling altcoins on the spot yesterday, which I consider promising, I bought more as they fell.
My action plan:
I moved positions to break-even without closing orders. I placed a market stop before the nearest support zone of the current price, with good density. If the market goes lower — I will start picking up. If it goes up — I will raise the stops.
Conclusion:
The market is currently uncertain. Everyone is waiting for news.
Trade wisely and profit.