Now the big pie is not important anymore, the secondary coins have taken up the banner, the pie will pull back while the altcoins rise, only at the end of December will the pie suck the blood of the altcoins and crash to reduce leverage. After cleaning up the leverage, a new round of rally will begin at the bottom in January. In recent years, the crypto market has typically seen major bull runs in October and November, small bulls in February and March, and generally declines and fluctuations in other months. Make sure to grasp the timing of the upward trends.
To summarize the key points for tonight:
1: The profit margin for the big pie is not high, it continues to oscillate, focus on buying dips in Ethereum and related altcoins.
2: The rebound strength of the big pie in 4 hours is decreasing, each rebound feels like a trap for the bulls, it is recommended to take profits on highs.
3: Ethereum shows a secondary divergence and an upward trend in 4 hours, there is no sign of a top yet; reduce positions on highs and set support orders.
4: The Ethereum-to-Bitcoin exchange rate on the weekly chart is still at the bottom, the altcoin season has not ended, with a focus on February and March.
5: Federal Reserve's Musalem hinted that there might be a pause in interest rate cuts on December 17 and 18, which is bearish news.
6: Powell will speak at 2:45 AM on Thursday, short-term traders should pay attention to fluctuations‼️
7: Currently, the altcoin indicator is at 90, reaching a new high, the top 100 in market cap have greater gains than Bitcoin, and the altcoin season is currently at a starting point similar to September 2022.
8: This is currently the last push for the big pie and Ethereum, and there will be a drop at the end of December to clean up.