This round of bull market is likely to have ended, and there is a high probability of a correction next week. The reasons are as follows:
1: The current bull market is similar to the market in mid-2019. They both occurred against the background of changes in the Federal Reserve's policy and lasted for about 2 and a half months. During this period, they were accompanied by the rampant rise of pyramid schemes and altcoins.
2: At present, the market has insufficient upward momentum. The main funds are concentrated in the Inscription sector. The development of other blockchain projects is also nearing completion and lacks new driving force.
3: Judging from the time, next week is Christmas in Europe and the United States. The main players in Europe and the United States will enter the holidays, and market trading volume and funds will drop significantly.
4: The leverage ratio of the market is already very high, the funding rate of the perpetual contract is abnormal, and the borrowing interest rate is also maintained at a high level, which increases the risk of market collapse.
5: All good news including ETF approval and Fed policy changes seem to have been fully reflected in the market, and there is a lack of new positive stimulus in the future.
As for next week, I will also say in the circle that if you are also new to leeks, you might as well come ashore with me.
