A continuous two-week volume-reducing rebound (especially evident in ETH), this trend feels like it’s going to drop this week! The questions are:
1. How will it drop: will it rise first and then fall, or will it just drop directly?
2. How much will it drop?
A symbolic drop: $BTC Bitcoin drops 5-8% to around 94000, with ETH leading altcoins down 10-20%; or a deep drop, breaking new lows below 90000, even piercing 90000 dollars down to the next support at 85000 dollars?
Honestly, I'm a bit conflicted about whether to close my long positions, hoping it won't drop too much.
3. This week's major financial events are mainly two:
January 9 at 3:00, the Federal Reserve FOMC monetary policy meeting minutes;
January 10 at 21:30, the U.S. non-farm payroll data for December will be released.
I mentioned it in the article before: 币圈1月财经日历:特朗普就任美国总统,美联储利率决议,比特币能否突破新高到12万美元?
4. Will there really be a drop during Trump's inauguration on January 20, only for the great leader to rise again afterwards? On one hand, it's a way to show political achievements with “loyalty”, and on the other hand, using favorable events for reverse operations to wash the market!
After all, many people believe that January will be the starting point of a major bull run, including myself, and then the dog funds show some operations, going against human nature, and finally wash the market and then rally, seems to yield higher profits!
Be cautious with risk control! All coin friends are welcome to discuss, as the right things emerge from collisions!