The big coin fell to 893 while I was sleeping, such a familiar number. I entered the market three times around this level and made a profit.
Yesterday, the Federal Reserve sounded dovish, rising and then falling. As long as it doesn't break 893-878, I still see it as bullish. However, the big coin has tried to push to 950 four times, and if it can't break through again, the upward trend will end. Next, it will either have to break 806 or oscillate between 838-920.
It is also possible that it will stop pushing and just oscillate or fall.
Overall, after the expectation of interest rate cuts has passed, Japan is likely to raise interest rates on 12.19. If you have experienced Japan's interest rate hikes, I think the most memorable part is that the big coin fell from over 70,000 all the way down to 49,000. The last time the big coin fell from 940 to 838 was just speculation without actual action.
Yesterday in the live stream, a friend in the cryptocurrency community had a contract for Ethereum at 3304 long, but didn't close at over 3400 and looked at 3600. He was confident, but my advice is to make sure to take profits and set stop losses. What if it falls to 3200 and incurs losses? The market moves that quickly; yesterday it was over 100 points in profit, today it’s over 100 points in loss.
During the live stream, many friends in the cryptocurrency community made profits, and I suggested they sell. Whether or not they can control their greed is something they need to improve on.
With this drop in the big coin, the basic altcoins have shown their true colors. There’s no one who can stand firm; the strongest is the big coin. Yesterday, when I said Ethereum was strong, I expressed that we should wait and see. The big players are just harvesting retail investors and blowing up contracts.
Ethereum, BNB, and SOL are all weak; DOGE is even weaker. If there are students heavily invested in DOGE, I can't be bothered to look. I said to leave, I said to give up on this asset; it’s just obsession.
