The recent market has been falling because of the holiday. Brothers must believe that there is still a bull market, but they don’t want to take advantage of the decline during this period. They don’t know whether to run first.
Don’t worry, we need to understand why the market fell. I guess many Kols in the square have already said the reason in the past few days.
"The Federal Reserve is ‘temporarily’ not allowed to buy and store Bitcoin" has changed this sentence?
Remember the posts I posted in October and November this year, saying that Trump’s presidency may not necessarily create positive news, because Musk said in another interview that Trump’s presidency will definitely lead to an increase in inflation for a period of time, so there is a possibility of raising interest rates.
At present, some foreign media have hyped this news, and may be bearish on Trump’s presidency for a period of time, and the market will once again enter a more chaotic market.
If this is the case, then I think the price of $BTC will fall significantly around 92,000-90,000 US dollars.
On one hand, institutions are on holiday, on the other hand, retail investors are clearing their positions, and on the other hand, the data is negative. The three core stocks are all being sold. It is inevitable that everyone will be trapped in the short term.
February next year will definitely be bullish, or there will be a high probability of bottom-fishing after January 10. I have cleared all my positions of $UNI and am waiting for bottom-fishing.
I estimate that UNI will bottom-fish around 11. It seems unlikely that it will close quickly. Institutions have all bought in. The decline is as high as 28%. It is a little difficult to close the needle. Be cautious when bottom-fishing.
The monthly line looks scary, the weekly line looks indifferent, and the daily line looks like bottom-fishing.