The US dollar dominates everything! Global assets face 'Black Thursday'
Overnight, the Federal Reserve made a strong hawkish statement, causing global assets to be bloodied, with everything falling except the dollar.
US stocks and bonds were both hit hard, dragging down the Asia-Pacific stock markets, with oil, gold, and Bitcoin plummeting on Thursday, and the South Korean won hitting a 15-year low...
The dollar soared to a two-year high, putting pressure on global markets, leading to a 'Black Thursday' for global assets.
2024 Year-End Crypto Outlook. Bitcoin has been endorsed by Trump. Only Bitcoin is currently indirectly endorsed by the US SEC. If any crypto assets are included in the US national reserve plan, the only possibility is also Bitcoin. Of course, Powell is not wrong in saying that the Federal Reserve cannot hold Bitcoin.
Every time the crypto market is at a high, it is when the manipulators start hunting. Generally, when the wall is pushed by the crowd, various negative news is continuously released, scaring retail investors, causing continuous downward pressure on the K-line, leading to despair among retail investors who panic and hand over their chips. Meanwhile, the manipulators quickly buy the dip, completing their harvest and obtaining cheap chips.
After a period of fluctuation, they create momentum again, releasing positive news to push prices higher. This makes retail investors anxious to chase prices, completing the distribution.
Price fluctuations follow a cycle, dictated by the manipulators' layout and harvesting time.
Currently, we are in the mid-stage of a bull market, and every drop or major drop is a time to buy the dip. There are about 320 days until the end of the bull market. Cycle layout, buy the dip, hold coins for appreciation, and wait for another unilateral uptrend in the market, where altcoins may break previous highs again, achieving 1-2 times the returns, or reaching 50% of the current price, which will be the time for everyone to exit.
At this time, buy the dip and hold patiently. Do not pay attention to news; from February to May next year will be the season for everyone to gradually reduce positions and exit for profits.
