BTC has dropped below 90,000. Let me share my thoughts. There are several important meetings next week:
12.16 Non-Farm Payroll & Unemployment Rate
12.18 Annual Inflation Rate
Plus, Japan is raising interest rates.
I am relatively bearish. With Christmas approaching, people in Europe and America have a low awareness of saving money, so some may sell their cryptocurrencies and stocks to celebrate. In the short term, it is likely to go down. In the medium term, I believe in Bitcoin's four-year cycle, and it should pull back to below 70,000. At that time, I will start dollar-cost averaging. In the long term, I believe Bitcoin will only get better and decentralization will become increasingly important.
