BTC briefly rebounded and then started to fall again. Can it hold at 92700???
Currently, the market is mainly focused on spot trading, and for futures, it's important to control positions. Surviving is the only chance to profit. The lack of trading over the weekend is also due to the relatively small fluctuations, as traditional financial institutions are not operating.
To judge future rises and falls, the Federal Reserve's policy is one aspect, and the U.S. policy towards cryptocurrencies is another aspect. If the stock market falls, then the crypto market will also likely follow.
Personally, I expect the next few days will continue to be mainly adjustments. If it gets more intense, it could drop sharply, but the probability of breaking below the recent lows isn't very high. The limit position is at 2800, and those who have already established positions around 3100 should hold firmly.
There might be a significant rebound after Christmas. The positive effects of Trump's election have not fully materialized yet, and major capital and vested interests in the U.S. will certainly push BTC to new highs.
This round of adjustment is a technical correction brought about by the recent excessive rise + the shift in the Federal Reserve's attitude, but overall we are still bullish; the general direction hasn't changed.
Mainstream altcoin bottom-picking choices: ONDO, $ENA , UNI, $SUI , $AAVE
