Thoughts on Independent Market Movements

The crypto market is becoming more like the U.S. stock market

Mainstream cryptocurrencies are following the trends of the U.S. stock index

Altcoins like UNI, ZEC, etc., have independent market movements as long as there are market makers

Meanwhile, BTC and ETH started to rebound from their weekly and monthly cycles

However, the rebound strength is not significant; it is just fluctuating around a platform

This kind of market is not easy to trade; I opened a few orders today and lost money, so I exited

The excess returns from mainstream coins come from high shorts and low longs after overbought and oversold conditions

As long as there is strong market maker intervention in altcoins, they can complete accumulation at the bottom

And achieve independent market movements, with stronger continuity and sustainability of trends

After the interest rate cut expectations are realized, the non-farm payroll and unemployment data announced on December 16th and 19th after the U.S. government shutdown will be more credible

The market will become clearer going forward

For now, let's still play with altcoins

#加密市场观察 $UAI