cbnnk

Open an eternal single, get Trump to step down

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The crypto market is about to crash; today marks the calm before the storm!👿

Bitcoin and the entire altcoin market may enter a correction phase around December 10th this month. The correction combined with volatility will likely last at least a month, approximately until January 10th. During this period, everyone can gradually buy in, but absolutely do not go all in or use high-leverage contracts.

Reasons are as follows:
1. After the previous days, altcoins have also exploded across the board, with countless coins skyrocketing by dozens of times. Assets like XRP have already played out their roles, and market sentiment is extremely greedy, reminiscent of March last year and May 2021.
2. Many people's expectations are around 100,000; today it has already broken the 100,000 mark. Currently, almost everyone buying BTC above 100,000 is a high-leverage bullish speculator, betting that Bitcoin can still rise further. Almost no one is willing to hold BTC at 100,000 anymore. The most important point is that 100,000 has become the limit for shorts; there are hardly any bears left willing to short, making it difficult for Bitcoin to keep breaking through without short-sellers providing fuel.

{spot}(BTCUSDT)
{spot}(XRPUSDT)
{spot}(ETHUSDT)
3. Currently, not only has Bitcoin reached a new high, but the US stock market has also hit new highs. It seems that interest rate cuts have just begun and can still rise, but inflation remains very high. The Federal Reserve will not drastically lower rates all at once; they may slow the rate cuts, which will affect bullish sentiment and lead to a short-term correction.

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