The weekend is coming up, and U.S. markets will be closed. After a string of declines in crypto, combined with the need for a short-term technical rebound, we can expect a modest bounce on Saturday and Sunday, though the overall price range is likely to remain limited.
One thing to pay special attention to:
From late Sunday night until 8 a.m. Beijing time on Monday!
Asian markets will be in the middle of the night during this period, and liquidity will be relatively thin. Major players can easily use the low liquidity to trigger sharp volatility. Sudden sell-offs and rapid rallies are both possible.
But these short-term moves won’t change Meow God’s view of the medium-term trend.
A short-term rebound is just a correction; the main trend is a fourth-quarter decline!
As for those who still believe in a bull market and think a huge rally is just around the corner, Meow God isn’t going to argue.
If you think prices are going up, then go all in!
The market will ultimately provide the answer. #AI和半导体股本周市值损失超1万亿美元
One thing to pay special attention to:
From late Sunday night until 8 a.m. Beijing time on Monday!
Asian markets will be in the middle of the night during this period, and liquidity will be relatively thin. Major players can easily use the low liquidity to trigger sharp volatility. Sudden sell-offs and rapid rallies are both possible.
But these short-term moves won’t change Meow God’s view of the medium-term trend.
A short-term rebound is just a correction; the main trend is a fourth-quarter decline!
As for those who still believe in a bull market and think a huge rally is just around the corner, Meow God isn’t going to argue.
If you think prices are going up, then go all in!
The market will ultimately provide the answer. #AI和半导体股本周市值损失超1万亿美元