Don't fantasize about your purchased altcoins returning to new highs!
Prepare for hibernation as the market turns bearish.
Now, just open Twitter to see how bad the market sentiment is,
everyone is talking about fake gossip, how to find jobs, how to gain traffic as a KOL, some projects have been hacked and have collapsed.
Let's take a look at the overall market environment,
the U.S. government's rate cuts and monetary easing haven't fully flowed into the crypto space yet, and there might be a slowdown in the pace of rate cuts. Japan is seriously considering raising interest rates, and the Chinese government has reiterated its ban on cryptocurrencies. Many market makers are still struggling after the 1011 black swan event, and December is traditionally a month when foreigners take off for Christmas holidays, celebrating and resting, selling off some assets to give themselves gifts and year-end bonuses.
🔴 At this stage, it is not a signal for bottom fishing or setting new highs.
✳️ What should everyone do now?
1️⃣ Organize a list of held assets.
2️⃣ Cut losses on low liquidity small altcoins.
3️⃣ Take profits on some large altcoins.
4️⃣ Reserve stablecoin positions.
5️⃣ Keep a close eye on changes in the macro environment and policies.
6️⃣ Follow me.
In conclusion, if you have any thoughts or things to say, feel free to interact. The account will continue to update, and your comments and follows are one of my motivations to keep going.
