Brothers may change their positions next week due to various data releases at the beginning of the month, including CPI, non-farm payrolls, and interest rate decisions, etc. The current strategy of some traders is often to wash positions 2-3 days before the news lands. Even if the news is positive, they will wash the positions in advance to give the good news some buffer space. This is all to clean out positions to better break through, so brothers should be cautious about chasing high positions and avoid them, while holding low positions well. Especially for high-leverage contracts, you must manage your drawdowns well to avoid losing your positions due to price fluctuations on Binance.

Here are a few key pieces of news to pay attention to:

1: In November, the U.S. Bitcoin ETF purchased a record 71,570 Bitcoins, bringing real money into the market.

2: On November 30, the U.S. Ethereum spot ETF had a net inflow of $332.9 million, no wonder Ethereum is so strong; mainstream support is prioritized for Ethereum, and any spikes are opportunities.

3: Next week, the Federal Reserve will have a significant speech by Powell on December 5, and the market is paying attention to how non-farm payroll data affects interest rate cut expectations.

Brothers, managing your positions well will allow you to maneuver freely in this market. Being fully invested can easily lead to profit erosion or even capital losses. Remember in investing: don’t rush to buy, don’t be greedy to sell, buy a little on small dips, buy a lot on big dips, buy heavily on crashes, don’t buy when it doesn’t dip, don’t delay stop losses, and never be fully invested. In a bull market, go with the trend; don’t short when bearish.