The trend of the small currency retreat will accelerate, pay attention to the risk is good

The madman said...

At present, the market is still dominated by the Asian market, so the Asia-Pacific time is very important for the support of market data. Europe and the United States are already immersed in the atmosphere of Christmas. People of all ages in the surrounding houses are making every effort to decorate the houses, and the atmosphere in the business district is also in full swing. At this time, it is not so easy to expect the European and American markets to open.

Recently, I chatted with my fren and heard that Hong Kong is still very lively. Traditional capital, carrying billions of Hong Kong dollars, is rushing in. This is a common situation in every bull run. Traditional capital brings in funds and gets on board, and when the profit from existing positions is realized, the market adjustment begins when the profit exceeds the inflow of funds.

Currently, there is still a relatively balanced situation. The buying pressure is not as strong as before, and there is no obvious profit-taking that exceeds the buying pressure, so the market oscillates back and forth, circling around 100,000 every day. This situation will gradually determine the winner as both sides consume their resources.

Here are a few highlights: one is whether Microsoft's vote can pass in the past two days, and the other is whether Amazon shareholders propose to hold a meeting to decide whether to buy BTC. Both of these are significant events. If one of them passes, BTC still has hope. If neither passes, it is likely that short-term profit-taking will gradually outweigh off-exchange buying. On-chain data shows that the amount of funds needed is decreasing. Let's patiently wait for the outcome of the game.

There is also Powell's Federal Reserve interest rate decision this week. Let's hear what this old guy has to say. Trump is coming, so we still need to give him some face, neutral preference.

There are signs of a certain ebb in the small currency, which is the result of the emotional peak. After a period of repeated ups and downs, the ebb will accelerate. On the other hand, due to the support of OTC funds, the ebb speed of BTCEthereum will not be so fast. It is still better to pay attention to the risks.

Disclaimer: The article represents only the author's personal views and opinions, not the objective views and positions of Block. All content and viewpoints are for reference only and do not constitute investment advice. Investors should make their own decisions and trades, and the author and Block will not be responsible for any direct or indirect losses incurred by investors' trades.

<【Madman's View on Trends】The ebb of altcoins will accelerate, pay attention to the risks.> This article was first published in "Blocklike".