After the release of CIP data yesterday, the news was positive, but the market did not fluctuate too much. It was still fluctuating at the bottom as a whole. Many copycats continued to fall, mainly because of the instability of the market, so it is best to grab strong and certain currency layouts. In addition, there is the Federal Reserve's interest rate meeting in the early morning. It is basically impossible to raise interest rates, so it depends on when the interest rate will be lowered. Mr. Bao is good at talking nonsense, so no matter what he says, it is not of great reference value. The focus is still on the trend of the big cake itself.
Judging from the current trend of Bitcoin, although we cannot be sure when it will stabilize, what is certain is that 44,700 is definitely not the peak of this round of rebound. I personally believe that there will definitely be an opportunity for a second peak. If the medium and long-term positions you hold do not perform well when Bitcoin hits the second bottom, pay attention to switching positions to a certain track in a timely manner.
According to market expectations, the ETF may be approved at any time between January 2nd and January 10th. What we need to do now is to wait for a surge in Bitcoin after the news comes out.
Before the news of Bitcoin ETF is released, most of the big whales should not have left. The current trend does not look like a distribution of chips, but more of a normal retracement. Of course, nothing is absolute. In the process of operation, especially for contract players, there may be a spike in the market at any time in the current situation. Therefore, be sure to reduce leverage, or try not to play contracts. It is recommended to wait until Bitcoin is more stable before operating. For medium and long-term positions, ignore short-term fluctuations.
In addition, judging from the recent long and short liquidation map of the contract, the bulls can be said to have suffered heavy losses. As the saying goes, everything will turn around when it reaches its extreme. I believe that a rebound in the market should not be far away. We can't keep killing the longs. The current long-short data ratio of Bitcoin has also reached a relatively high level. This data is generally opposite to the trend of the market. Therefore, I personally think that a bottoming rebound in Bitcoin may come at any time.
Currently, many currencies have been affected by the decline of the market and have been dragged down. Therefore, before the rebound begins, it is the opportunity for everyone to deploy strong currencies and certain currencies. As for which ones to deploy, they are basically the ones we often mention, such as SOL, LINK, etc. Secondly, the currencies related to the Cancun upgrade are favorable. The leading ones are preferred. The decline is an opportunity for everyone to get on board. ARB has performed very well in the past two days. It also pulled up again this morning. According to the dog dealer's shipment logic, this kind of rapid rise and rapid decline is definitely not in line with the shipment logic. Therefore, as the Cancun upgrade time approaches, if you have not yet deployed, you must hurry up and get on board at a price below 1.2 dollars.
Currently, many currencies have hit the support area. Let me mention SUI again here. As a representative of the new public chain, there is still a high probability of speculation after the subsequent market stabilizes. Therefore, the current position is also a good opportunity to arrange swing positions. After all, the recent public chains have risen well, which shows that when the trend market comes, funds are still relatively recognized for this sector.
at last:
The current market is unstable and the market fluctuates greatly. Ups and downs may occur at any time. When it rises rapidly, pay attention to pocketing the profits in time. A rapid decline is an opportunity for everyone to make a layout. In short, don't chase rising prices or sell falling prices. Ignore short-term fluctuations in the medium and long term. It is recommended to leave the market and wait and see. It is safer to operate after the market stabilizes.
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The article ends here, welcome to find me~ (deduct 1 in the comment area)
