#BTC新高10W
The cryptocurrency world is about to experience a major earthquake, today might be the calm before the storm!
Bitcoin and those altcoins are likely to start a correction around December 10th, and this correction along with fluctuations may last until around January 10th. During this period, everyone can gradually buy, but definitely don’t buy everything at once, and don’t play with those high-leverage contracts, the risks are too great!
Why do I say this? There are several reasons:
A few days ago, altcoins were blooming everywhere, many coins rose dozens of times, even XRP, the “doomsday vehicle,” has performed. Market sentiment is extremely greedy, just like in March last year and May 2021.
Now everyone is thinking that Bitcoin can reach 100,000, and it has already broken 100,000 today. Those still buying Bitcoin above 100,000 are almost all speculative bulls looking to make quick money. They are betting that Bitcoin can continue to rise, but there are almost no real long-term holders willing to hold Bitcoin at 100,000 each. Most importantly, 100,000 has already become the limit for short sellers; no one dares to short anymore. Without short sellers to provide “fuel,” it is very difficult for Bitcoin to continue rising.
Now, it's not just Bitcoin that has reached a new high, but US stocks as well. It seems that interest rate cuts have just begun, and the market could still rise a bit more, but inflation is still very high. The Federal Reserve cannot cut rates too much at once; they may slowly slow down the pace of rate cuts. As a result, the sentiment of the bulls may be affected, leading to a short-term correction.
#历史见证者打卡
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