Why did it fall last night? Will it fall next?
The market is a buying and selling sentiment. Whether it is a market maker, a large institution, or an individual investor, etc., they receive various different information from the market every day, especially from the United States. At present, there is still time before the transfer of power in the election, and there is no speculation. So what can affect market sentiment is macro information.
It is currently a rate cut cycle. For now, any information that is unfavorable to more than 2 rate cuts will cause market panic and cause selling to exceed buying. Then $BTC will fall slightly, and the altcoin will be even uglier when there is no liquidity. As for on-chain, although on-chain may not be so much with $BTC, the essence of on-chain popularity requires good emotions. Without sustained good emotions, it is not very optimistic.
Of course, you can also say that before this new big trend is formed, there are speculations that make very short-term profits, because there are all kinds of investment preferences in this market, this is certain. Anyway, it is a volatile market, but the volatility is large. There is nothing wrong with this.
At present, it has fallen back to the situation before and after Christmas. So the logic I mentioned earlier, what information will stimulate the market sentiment in the future, whether buying is greater than selling or selling is greater than buying, which will trigger the demand for BTC, and the rise and fall of BTC will affect the rise and fall of the cottage. This is the logic of spot and contract.
So friends asked whether it will fall again. Next week, there will be non-agricultural data, unemployment rate, etc. If it is conducive to continued multiple interest rate cuts, then it will rise. If it is not conducive to continued multiple interest rate cuts, then it will fall. We can expect the amount of data, but we cannot predict the market sentiment. We can only do our best to make trading strategies and maximize the interests of personal positions. This is the most difficult and the most anti-human.
But then again. In the face of power transfer and policy, the macro level must be ranked behind. The 1.20 power transfer can still remain optimistic, but in this short period of time, it is inevitable to be tiring. That's it.
