Has the "short bull market" in the BTC crypto market ended?
European and American markets, Christmas holiday
Due to the Christmas holiday,
On Tuesday, the US stock market and the Hong Kong stock market will close half a day early, while the European stock market will be closed for one day;
On Wednesday, the US, Hong Kong, and European stock markets will continue to be closed;
On Thursday, the Hong Kong and European stock markets will be closed.
This week, due to the "Christmas in European and American countries," the trading market is very quiet.
Last week, Powell's speech triggered a "panic sell-off" in the global capital market, and the BTC crypto market was particularly "heartbreaking".
The price of BTC dropped by a maximum of 15%, the price of ETH dropped by a maximum of 25%,
The price of older altcoins dropped by a maximum of 40%~50%, and some new coins dropped by more than 50%.
So, how should we view the future trend of the BTC crypto market?
There are significant differences in opinions among various factions in the community; many believe that "this wave of bull market has ended and we should continue to watch the downward trend".
At this time, I cannot "follow the trend to be bearish"; at least this week we will not "continue to set new lows".
Personal opinion: This week, the BTC crypto market has entered a "wide range of oscillating consolidation" pattern. The large range price for BTC:
$92,000~$100,000~$101,000, the large range price for ETH: $3,100~$3,600.
As for whether next month will be an upward oscillation (rise) or continued downward oscillation (fall), we cannot "guess randomly"; we need to wait for the US to announce non-farm employment data, CPI data, Trump's return to power, and the new SEC chairman's inauguration.
I plan to lay low for a few potential coins that are ready to explode,
doubling my investment should be very simple; I also plan to find some potential coins to hold until the end of the year,
with an expected upside of over 10 times being quite feasible. If you want to join, leave a message: 857
