Old coin stocks that are down 12 or 13 can be entered, guys. Just a light touch will recover to down 8 or 9, and then cut to earn a little profit. Tomorrow we will check the daily candle that the admin will report later.
To see today's candle, tomorrow Mai will provide more accurate advice on what is about to happen. See you at 9 AM, the admin will advise for 1 hour and 30 minutes.
Sorry guys, I ran out of power and fell asleep, so I couldn't provide timely advice to others. I just woke up to charge my phone and what I warned about has happened; I wonder if anyone managed to get out in time to minimize losses 😩$BTC
You do whatever you want because most of the guys are holding alt, so the admin just reports that the alt chart is very bad, indicating that there will be another correction because the dominance is higher than yesterday and today. I predict it will be bright red again. I don't know when, but within 2 weeks, seeing you go like this, it will be soon. But still, you can surf, just wait for any day that drops -15-20% to get in, wait for a rebound, and then cut. If anyone needs advice on the one they're holding, the next DCA level, just comment.
Note that the decision is still up to you. The ratio is 50/50.
Regarding alt, after pushing the boat up to 108k, there was no FOMO to buy in. DOM remains stable. Now that it has dropped, there is FOMO to catch the bottom. Currently, DOM is gradually increasing, proving that people have fallen into FOMO to get on the boat again. I still maintain the expectation for a price lower than or equal to the previous bottom when it dropped in 5 minutes to 89-90k, let's enter DCA to hold until January.
The strong pullback always comes back. But if the rebound does not exceed the selling resistance, then the selling will continue. Currently, on the 1-hour and 4-hour charts, there is a slight rebound, and the target area of 103000 will face selling resistance, so we need to consider the selling and buying power in this area. Support is at 1000200-1000300; if it breaks and closes below this level, it will likely head towards 95700, which is hard to avoid. Currently, the 1D chart is quite bearish, so heading towards the 95700-96000 range is prioritized. If it stabilizes here for 1 to 2 days, it may rise back to 105000 around January 10-15, 2025. 11679517068
Summary of the content causing the stock market and crypto to drop last night and today, despite the interest rate cut being good news for the market. - "We have moved relatively quickly to bring interest rates to the current level, and I think in the near future it is obvious that we will slow down, he said." - With today's decision, we have reduced by a full percentage point and have eased the tightening significantly, therefore we are allowed to be more cautious when considering the next policy adjustments. - Immediately, the dot plot chart forecasts a reduction of interest rates 4 times in 2025 to only 2 times, each by 0.25 points. The forecast shows that the Fed is very optimistic about economic growth and the current unemployment rate has no significant impact on the macroeconomics of the US. Therefore, setting the current interest rate leads to the risk of economic recession being unnecessary 😄 - The upcoming tax policies of the president will put additional pressure on inflation. Recent predictions have shown that PCE inflation will rise from 2.4% to 2.8% during the first term. The chairman also warned that this is not the right time to implement it. This shows a contradiction between this agency and the future policies of the new president. If the new president imposes tariffs immediately, the inflation target of 2.0 will be blown and the Fed will lose what is called the credibility of this agency. The Fed may reverse the rate-cutting process into interest rate hikes if inflation rises sharply. The policies cannot have an immediate effect, similar to how the US economy recovered and grew in Q1 but only became apparent in Q3-4. Q2-3 of next year will be clearer. Next, we need to see Trump's actions.
This means that 110k is already within reach. It also means that the alt is about to crash after a slight recovery. After sweeping through this segment, you can make an adjustment, and everyone will see the new bottom right away in those with little support. As for the stronger ones, they will only rise about 3-4%.
Just pay attention to when Mr. B lists a new coin on the exchange, there will be a catastrophic event for altcoins and memes after that 😂. Don't jump into this batch when the resistance W has been broken. If it's below resistance W, consider smart DCA. Wait for it to break resistance in the coming months, and don't sell at a loss. Because these are items that will push for the following months.
Regarding DCA spot for alt, this is an opportunity to add more DCA. Hold until January, around mid-month. The chart looks good on the weekly, just keep DCAing. No need to sell at a loss.