Here is my own plan:
The focus will be on the CPI data announced at 9:30 tonight, as well as the situation when the US stock market opens at 10:30. By observing the market reaction after these events, we can assess the current market sentiment.
Currently, most cryptocurrencies have retraced to the imbalance range. From the perspective of bullish signals, if there is a rapid drop followed by a strong rebound, this is actually a relatively healthy sign of a bull market.
However, the key factor that can truly determine whether the bull market can continue is the statement from the FOMC (Federal Open Market Committee) regarding the balance sheet on December 19. Whether this statement mentions capital injection will determine if there will be a large influx of liquidity into the market.
If there is another wave in the market, then we will definitely see a significant inflow of funds into the ETH ETF (Ethereum Exchange-Traded Fund), which will signal the resurgence of altcoins.
During this period, I will focus on the changes in various cryptocurrencies' patterns while closely monitoring the upcoming macro data to determine if a replenishment operation is necessary.