From historical experience, the repeated fluctuations of each high point of Bitcoin are "washing the market", that is, the main funds are trying their best to clean out those investors who bought Bitcoin at 90,000, 80,000 or even 70,000, attracting more people to enter the market and pushing them to hold the currency and wait for a rebound.
The future market of Shanzhai is closely related to ETH. After all, if Ethereum takes over the big cake in the second half, there is a very high probability that it can explode and hit a new high in the price of the currency, or even a higher high!
Under the influence of this round of Bitcoin and Ethereum spot ETFs, the market liquidity can be fully compared with the past. Only the liquidity and logic of Shanzhai still remain the same as before. The season for Shanzhai outbreaks will also maintain a certain regularity under the market. Christmas is a very important holiday for the West, and there are many settlements at the end of the year, so there is indeed some capital outflow recently, causing short-term market sluggishness. According to previous rules, the market usually bottoms out around Christmas.
In fact, Shanzhai has rebounded a lot in the past month, so for friends who do short-term trading, this is a very good buying point, and for those who do medium and long-term trading, just hold the position and wait for the rise. If you want to increase your position, please pay attention to the order point, which may be the last chance before the market explodes!
At 3 am on the 19th next week, the Federal Reserve will announce the December interest rate decision. The market expects a 99.99% probability of a rate cut. This is a clear positive, so the chance of opening the market when the positive occurs is also quite large. At the very least, it will take a few more days to fluctuate, and by the way, clean up the unsteady positions and short-term high leverage.
