It's really bad

#BTC新高10W
The cryptocurrency world is about to experience a major earthquake; today might just be the calm before the storm!

Bitcoin and those altcoins are likely to start correcting around December 10th, and this correction along with the volatility might last until around January 10th. During this period, everyone can gradually buy, but be sure not to buy everything at once, and definitely don't engage in those high-leverage contracts; the risk is too great!

Why do I say this? There are several reasons:

A few days ago, altcoins were blooming all over, many coins increased by dozens of times, even XRP, the 'doomsday vehicle', has performed its act. Market sentiment is extremely greedy, just like in March last year and May 2021.

Now everyone is thinking that Bitcoin can reach 100,000; it has even 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 of Bitcoin at 100,000. Most importantly, 100,000 is already the limit for shorts; no one dares to short anymore. Without shorts to provide 'fuel', it will be very difficult for Bitcoin to continue rising.

It’s not just Bitcoin that has reached new highs; the US stock market has as well. It seems like the rate cuts have just begun, and the market could rise a bit more, but inflation is still very high. The Federal Reserve cannot cut rates too much at once; it might slowly ease the pace of rate cuts. This could impact the sentiment of the bulls, leading to a short-term correction.

#历史见证者打卡
Currently, the market is turbulent; walking alone is lonely. Follow me for daily spot updates, contract potential layouts, and bull market strategy planning.