Will it continue to decline next?
Since this round of market has been above 90,000, it has already experienced three rapid declines, and today counts as the fourth!!!
It can be said that the previous three rapid declines consumed a large amount of buying power, so after this rapid decline, we did not see much buying power on the market, but instead experienced a downward trend after a consolidation, which means that the funds that bought the dip were buried again.
The ETF continues to flow in, and it is expected that the market will consolidate around 100,000.
In the long term, it is still expected to continue upwards; sustained declines also lack volume.
It can be seen as continuing to consolidate within this range; all increases must be solidified before moving to the next step.
You can use a strategy of buying heavily on big dips, buying lightly on small dips, and not buying on no dips to gradually pick up cheap chips.
The current market situation is that Bitcoin and Ethereum are supported by spot ETFs and traditional large capital, with more buying power below.
So it won't drop much; the main reason for this rapid decline comes from a series of statements made by Powell early in the morning. He seems to be leaving soon, but insists on making a fuss... in the end, we are the ones suffering.
Powell's statement to slow down the pace of interest rate cuts means that the ones paying the price are our accounts!!!
This also means that at the next FOMC meeting, the Federal Reserve may not choose to cut interest rates.
Moreover, throughout next year's interest rate cut cycle, they will also slow down their pace, which is bearish.
Waiting for opportunities; last month's opportunities were grasped, so this time be a bit patient.
Altcoin focus: pepe sui apt
Next, what positions can be used for bottom fishing? King will still lead the fans together; last month, those who ambushed in at least five double-ups have already taken profits.
For friends with choice anxiety, not knowing how to choose, comment 111 to keep up 🚀
