I want to present several points that are not considered when trading cryptocurrencies.
The Fed is a creator and destroyer of trends.
In the last FOMC meeting, Powell made a quite aggressive statement regarding inflation, generating a reaction in the market.
The S&P 500 generated a structural change to a more significant correction.
The VIX rose after Powell's statement.
Cryptocurrencies, whether we like it or not, are linked in a way to the market, as BTC is correlated with the S&P 500 and altcoins to BTC, adding that the dominance of BTC remains above 57%, and the dominance of USDT is rising.
The stance to consider at least this month of January would be cautious, possible correction after seeing increases in many of the altcoins.
You may wonder if there isn't more alt season? I say we should wait for Trump's inauguration, which will happen in January, and protect our capital at least this month of January and wait for information or comments from Powell.
Good buying points can arise, but we will see this later, when both graphical information and macroeconomic indicators give us signals to enter on the rise.
