Next week's market:
The market did not unfold like a waterfall after the interest rate cut took effect, largely because of the temporary liquidity injected by the US, which is somewhat beneficial to the market, but ultimately the impact is still limited.
In the recent week, the market oscillated between 94600-89000 in a box formation, but did not continue, with clear pressure support while the repeated rhythm also emerged. The momentum of sideways instead of downward still exists.
The five bearish signals mentioned earlier are currently maintained. At the end of December, around Christmas, there is a high probability of a breakout. The most obvious directions are Japan's interest rate hike and next week's non-farm payrolls and US stock market direction.
For Bitcoin, during the middle of the month, we regarded 94600-95200 as the dividing line for bulls, allowing for testing but not breaking through, and we continue to adhere to a right-side strategy focused on a bearish layout. The reference area of 910-930 remains a long-term entry point, looking bearish at 76000!
For Ethereum, the rebound was short-lived, and the recent rhythm has basically weakened. Without significant cyclical movements in the future, it will essentially be wasted before the new year; its recent strategy has only one aim: to keep shorting!
The market is a double-edged sword that will teach everyone many things, such as greed and cowardice. After being in the financial market for a long time, many partners gradually become tainted with the smell of copper. Borrowing a phrase from Zhang Zuolin, the world is not about fighting and killing, but about human feelings and connections!
I hope everyone can find their original intention; after ten years, the only thing that remains unchanged is Ultraman's sincerity towards all fans! $BTC $ETH #crypto market rebound #Federal Reserve interest rate cut