How are you all on the first day of the holiday? As of the time of posting, the price was fluctuating around 27,900. What was the reason for the sharp rise during the holiday? The crypto market saw an increase during Asian trading hours, mainly due to some funds flowing into the crypto market from the stock market as the stock market was closed, while the U.S. interest rate hike policy also had an impact on the US dollar, causing some people to put funds into the crypto market for safety . However, while the market performed well during the holiday period, it is uncertain whether money will return to the stock market next week. Although the market's macroeconomic data looks positive, there is also the problem of declining trust. If the data is manipulated, it will have a negative impact on market confidence. Additionally, the stablecoin market is also tapering off, which could mean money is flowing out and purchasing power is declining. The market needs real buying and selling activity and enthusiasm to drive a bull market, not just imagination. Although there have been some positive signals in the market recently, more data is needed to support whether a bull market has started. It is recommended to stay on the sidelines during the low liquidity period over the weekend and wait for market conditions next Monday before deciding on a trading strategy.
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