The cryptocurrency market has seen a significant drop in recent days, with Bitcoin falling to $95,639. This drop was primarily driven by stronger-than-expected US employment data 📊, pushing US Treasury yields to their highest level since May 2024 📈. This has forced investors to seek safer assets 🛡️, moving away from cryptocurrencies.
🔮 What will happen in the coming days? 🔮
Analysts predict a volatile January for cryptocurrencies due to structural risks looming over the market 🌪️. The restoration of the US debt ceiling, scheduled for mid-month 📅, could cause volatility in the markets 🌊. In addition, the adoption of emergency measures by the Treasury to finance government spending could further affect the market 💼💵.
🌟 Forecasts and prospects 🌟
Despite the volatility, some analysts remain optimistic, believing that these declines could pave the way for more significant upward movements in the future 🚀📈. History shows that these corrections are often followed by periods of increase 🕰️.
📈 Futures signals: short or long in 3 currencies 📈
1. Bitcoin ($BTC): Given the current volatility, some analysts recommend a short position in the short term, while others believe that the long-term trend is still positive.
2. Ethereum ($ETH): Despite the decline, the continued implementation of smart contracts and the Ethereum network upgrade (ETH 2.0) warrants a long position for those who believe in the growth potential.
3. Litecoin ($LTC): With lower liquidity and low adoption, some traders prefer to take a short position until there are signs of recovery.