The monthly line is about to close, and in a few weeks it will be Christmas. Speaking of which, historically, the month of December often brings some surprises— the term "Christmas rally" is not unfounded.
I looked through the K-line charts of Bitcoin from the past few years, and it does tend to experience a surge right before Christmas. Personally, I feel that there might still be some momentum left after the current round of pullback, and the 98000 level should have a chance to be touched. If luck is on our side, we might even get close to 103000. However, that being said, if it really reaches 103000, the trend might change. So my thought is: don't blindly guess where the peak is, and don't recklessly try to catch the bottom; just follow the rhythm of the market.
Looking at the external environment again - the probability of the Federal Reserve cutting interest rates at the next meeting has now surged to 85.1%, and after the end of quantitative tightening on December 1st, the money in the market will be much looser. This is a good signal for Bitcoin and those altcoins.
There is also the ETF for mainstream altcoins. Although it has been delayed for various reasons in the past, the expectation is still there. Think about it, altcoins have been silent for more than three years since the last bull market, and now it's basically a solo performance by Bitcoin. When the ETF finally lands, it might just be the time for altcoins to make a comeback.
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LeekCutter
· 9h ago
The Christmas market really needs to be waited for, chasing 98000 now feels a bit rushed.
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Wow, altcoins have been silent for over three years, if they really turn around this time, it could be a huge profit.
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The probability of a rate cut is 85%, but the question is when will they actually cut, don’t let us down again.
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When it hit 103000, did it change? My buddy was right, you need to clearly see the top signal.
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Whether the Fed's operation works or not mainly depends on December 1st, if the money really loosens, the big show will begin.
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I've been torn between 98000 or waiting for a pullback, seeing you say that, I've decided to just go with the market.
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The day the altcoin ETF really lands, I need to set my alarm, can’t miss this wave.
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Insomnia thinking about the market? Bro, we’re the same, both waiting for this Christmas surprise.
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The historical Candlestick chart is so beautiful, why does this Christmas feel less certain?
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Don’t guess where the top is, that statement is amazing, it’s just that too many people don’t listen to advice and insist on catching falling knives.
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NFTBlackHole
· 11-29 13:02
98000 is a bit tempting, but from what the poster means, 103000 won't go far either, greed leads to losses.
I'm not sure if the Christmas rally is reliable, anyway, I've bought the dip and got trapped before.
If the alts ETF really takes off, then I will believe it; I've been hearing this for two years now.
With such a high probability of the Fed cutting interest rates, why does the market still feel so cold?
I'm just afraid of following the trend to buy the dip, and then it will just be a mess.
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FantasyGuardian
· 11-28 20:53
98000 touch it, 103000 has to run, the Christmas market may not necessarily save my alts position...
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ChainMaskedRider
· 11-28 20:46
The Christmas market is a bit interesting this time; I feel like 98k might really break through.
Alts have been silent for three years; if this ETF really lands, I need to take a Heavy Position.
Why hasn't there been a rate cut yet? I'm almost numb waiting.
The Fed's 85% probability is nice to say as a signal, but to be honest, I don't believe it at all.
BTC has been a solo act for too long; it's about time for the second-tier coins to perform.
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RektCoaster
· 11-28 20:42
It's Christmas market time, la la la, another year of Be Played for Suckers feast, so looking forward to it, haha
Jumping back and forth between 98 and 103, I bet 5 bucks and it’s another false alarm
Is the altcoin ETF about to launch? I've heard that too many times, let's wait and see
The Fed's interest rate cut probability is 85%, so what about the remaining 15%? I'm just afraid of that dark horse coming out
Studying Candlestick while sleepless is not as good as getting a good night's sleep, but since I can't sleep, let's keep each other company.
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0xSherlock
· 11-28 20:29
The Christmas market is really something to look forward to this time, I feel there's a chance around 98000, but after 103000 it's hard to say how it will go.
With such a high probability of the Fed lowering interest rates, it's indeed favorable for the crypto world in the short term. When the altcoin ETF finally lands, it will probably be another big show.
Talking about this late at night really resonates; following the market data rhythm is always the right move, the key is not to mess around.
Altcoins have been quiet for over three years now, whether they can turn things around this time depends on this wave. I'm a bit excited yet a bit scared.
Quantitative tightening is about to end, and money is going to loosen up. It feels a bit different this time.
#美联储恢复降息进程 It's another sleepless deep night, let's just chat about the recent market. $BTC $ETH $ZEC
The monthly line is about to close, and in a few weeks it will be Christmas. Speaking of which, historically, the month of December often brings some surprises— the term "Christmas rally" is not unfounded.
I looked through the K-line charts of Bitcoin from the past few years, and it does tend to experience a surge right before Christmas. Personally, I feel that there might still be some momentum left after the current round of pullback, and the 98000 level should have a chance to be touched. If luck is on our side, we might even get close to 103000. However, that being said, if it really reaches 103000, the trend might change. So my thought is: don't blindly guess where the peak is, and don't recklessly try to catch the bottom; just follow the rhythm of the market.
Looking at the external environment again - the probability of the Federal Reserve cutting interest rates at the next meeting has now surged to 85.1%, and after the end of quantitative tightening on December 1st, the money in the market will be much looser. This is a good signal for Bitcoin and those altcoins.
There is also the ETF for mainstream altcoins. Although it has been delayed for various reasons in the past, the expectation is still there. Think about it, altcoins have been silent for more than three years since the last bull market, and now it's basically a solo performance by Bitcoin. When the ETF finally lands, it might just be the time for altcoins to make a comeback.