Operational Suggestions and Market Outlook
Short-term Trend
The market cannot keep rising indefinitely; even when reaching new highs, it is essential to pay attention to timely profit-taking.
It is expected that there is a probability of adjustment for Bitcoin before the Federal Reserve meeting news is released.
Around the 20th, after the news lands, a new wave of trend market may start at the end of the month or early January next year.
Historical Patterns
From past trends, the market usually performs well in early January, especially during bull markets. For example, in January 2021, the altcoin bull market was initiated.
Therefore, the probability of market adjustment in December is relatively high, and significant surges may need to wait until January.
Christmas Effect
As Christmas approaches, institutions may take profits to prepare for year-end bonuses and other funding needs.
Although institutions like BlackRock continue to buy Bitcoin, there is still a large amount of profit-taking around the 100,000 mark in the short term, which may lead to market fluctuations.
