The two upcoming events will significantly influence the market's movement. First, the interest rate meeting on the 19th has a high probability of a 25 basis point rate cut. Second, the American Christmas (New Year), Christmas is also known as Christmas Eve or Christmas Crisis.
As for whether it’s good or bad, the senior believes that BTC has consolidated long enough at the 100,000 mark; it cannot stay consolidating forever. It will choose a direction again. Weekend trading may be inactive, but the price is slowly rising. Next week, it is essential to defend against breaking new highs and pullbacks. Even if the price breaks new highs or does not, the senior believes there is no need to panic; pullbacks provide an opportunity to enter. Those with heavy positions can consider adjusting their positions appropriately. Once a pullback occurs, altcoins might experience a more significant decline, so it’s advisable to select quality assets in advance and prepare limit orders pyramid-style.
If you are unsure which assets to prepare for limit orders, here are two suggestions: First, look at the recently strong cryptocurrencies. Second, you can check out the senior's previous articles and recommendations 🤩
Small tip: #USUAL现货即将上线 and let’s have a hat trick 😍
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content.See T&Cs.