Key Events on December 18 Tomorrow:
Tomorrow, the Federal Reserve is expected to announce a rate cut of 25 basis points.
Before the meeting, Bitcoin has already touched $107,700, making the market potentially very volatile. Whales and exchanges may manipulate prices, so significant fluctuations are anticipated.
Bitcoin has broken through the accumulation zone, and the current trading price is at a historical high, with no resistance and free trading. Meanwhile, Bitcoin's dominance has risen to 58%.
Expected Outcome:
After stabilizing at a certain level, altcoins may see a strong rebound.
Once Bitcoin starts taking profits and its dominance begins to decline, funds will flow into altcoins, similar to what we observed in November.
Currently, Bitcoin remains unstable, so please avoid high leverage and consider taking profits in batches. Altcoins are about to experience significant changes, but please manage your trades carefully while Bitcoin remains unstable, and at least pay attention to the FOMC meeting.
