We are now entering the final stage of the bull market, and the most important thing in this stage is to manage risks and take profits well.
Currently, it seems that the probability of a Japanese yen interest rate hike in January is relatively low, while the probability of one in March is quite high. Once the yen raises interest rates in March, a large-scale exit from yen carry trades will certainly have a huge negative impact on the cryptocurrency market, and it is very likely to lead to the end of the bull market.
If profits are not taken in a timely manner at that time, this round of the bull market may have been in vain.
Of course, it cannot be ruled out that favorable regulatory developments might bring about localized market activity, but it is unwise to go against the overall trend.
If you are currently in losses and don’t know what to do, you can click to follow me, click on my avatar to find me anytime, and I will share all contract and spot trading strategies. Just to gain followers.