Crypto KOL Community & Market Trends

Grayscale's submission of the 8-K form for Grayscale Horizen Trust (ZEN) to the Securities and Exchange Commission (SEC) in the United States implies several things:
1. Compliance and transparency:
Form 8-K is a tool for companies to report significant events or changes to the SEC. This indicates Grayscale's commitment to compliance with regulatory requirements and to providing investors and the market with important information updates about the Grayscale Horizen Trust (ZEN). Filing a Form 8-K is one of the actions to ensure transparency, especially in the case of investment products involving securities.
2. Investor Information Update:
Form 8-K generally contains information about significant events that may affect the financial condition of a company, changes in management, or other events that may impact the company or the value of its securities. Therefore, this submission may include new developments, asset management information, or other significant updates regarding Grayscale Horizen Trust for investors' reference.
3. Market Signal:
This submission can be seen as a positive signal for the market, demonstrating Grayscale's confidence in Horizen (ZEN) and its willingness to continue investing. Especially in the cryptocurrency field, such actions can enhance investors' confidence in ZEN as an investment tool, as it gains more legitimacy and structured investment opportunities through Grayscale.
4. Expand investment product line:
Grayscale's 8-K submission for Horizen Trust indicates that Grayscale is actively expanding its digital asset investment product line. The trust products from Grayscale have attracted a wider investor base, especially those who access cryptocurrency through traditional investment channels.
5. Market Impact: Although the short-term market reaction may vary due to various factors, in the long run, such regulatory actions are generally seen as a confirmation of the value and credibility of the project, which may impact the market demand and price of ZEN.

Families: How to seize the next month's market to turn losses into profits!
1. The current market is experiencing frequent pullbacks. Partners in spot trading pay attention to every sudden plunge in the market, and observe the hourly cycle of the big pie. If a sudden drop occurs, it means that the big players are manipulating and creating panic. At this time, don't panic, enter the market in batches to build positions.
2. At this point, the imitation has begun to become increasingly low, basically returning to the initial rising range for some coins. There is not much downward space even if it falls again. Seize the low-price chips and wait for the capital to top out at a high level of the big cake. When the capital of the big cake flows out, the imitation is ready to take off, doubling in a day is not a dream.
3. Recently, everyone should learn to wait patiently in the market. When the market drops sharply, we can buy at the bottom and wait for a rebound. This is the current trading technique in the market. Seize the upcoming decline and build positions together with the manipulators!
4. At this time, do not fill the position at one time. Remember a mantra: buy a little on a small dip, buy a lot on a big dip, don't buy if it doesn't dip. Sell a little on a small rise, sell a lot on a big rise, don't sell if it doesn't rise. As long as you don't chase after highs, the leeks will turn into sickles.

Level up meme tokens to gain some experience to share with you: wish you all get rich
1. Do not FOMO, even if the community is active, do not FOMO purchase, stay calm;
2. On average, buy each dog for 500U without investing thousands just because the previous plate made money;
3. Do not cut the meat, buy in and consider the money as zero, do not cut the meat with market fluctuations;
4. Do not buy at the bottom, buy 500U for 500U, and do not blindly follow the market;
5. Do not chase after high prices, regardless of the popularity and price, do not add positions;
6. Don't be greedy, cash out half of the chips every time you double them.
According to the above six points, it's basically profitable to rush meme tokens, and when lucky, it's enough for a few dogs to increase by tens or even hundreds of times. However, while making money, if you go all in on one dog, the result will only be a total loss.
Sometimes I think I can chase after a golden dog and end up falling even harder; sometimes I think I can buy the dip when the opportunity comes, but end up losing even more. So, stay rational and don't let the market sentiment sway you, that's the most important thing.

BTC may further decline in the coming weeks.
After experiencing ETF and halving this year, BTC has been on the rise for months, creating a historical high price this month. However, after a 8% drop last week, BTC has been fluctuating below $100,000 in the past few days. BTC may further decline in the coming weeks.
The Federal Reserve is in a dilemma. Despite three consecutive interest rate cuts since September, the financial environment is still tightening. At the same time, according to U.S. inflation indicators, the real-time indicator of consumer price inflation has accelerated to new highs in the past few months. Therefore, we may see unpleasant situations in the coming weeks. However, considering that BTC is expected to continue to rise, this may be a buying opportunity.
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#BTC

With Trump in power and Musk's assistance, this Bull Market is different.
Recently, while BTC broke through the 100,000 mark, projects such as MEME and public chains have exploded one after another. Coupled with Trump's imminent inauguration and Musk's continuous support, the cryptocurrency market has experienced a brief climax. At the same time, individual investors should always pay attention to safe investments, as the cryptocurrency industry is full of dangers.
From last year to this year, in addition to the outbreak of some enthusiastic meme coins, there have been many projects with innovative mechanisms that have attracted a lot of popularity and funds, such as Inscriptions, Pandora, etc. Different from general ecological projects, these projects have completely changed the previous logic or mechanism in certain technical aspects, which has attracted a large number of popularity. With the influx of funds, they can easily become popular.
After becoming a hot item, related projects have sprung up one after another, emerging in a frenzy. Among them, there are certainly projects that ride on the trend and take advantage of people. According to the Dragon 1 Law, there are very few or basically no projects that can surpass the leading project, resulting in follow-up projects being easily affected by price fluctuations of the leading project, which can be said to be closely interconnected.
And now, with the decline of the hype surrounding new mechanism projects, major sectors are also calming down. Although they have made many people rich, they have not brought significant changes to the blockchain market as a whole.
People who see this clearly need to always maintain a sense of awe for the financial markets. Projects that rise on the basis of certain gimmicks, without strong subsequent support from funding and technical teams, will ultimately fall into tranquility. Profit-taking at the right point is essential. Making money is the foundation of the coin circle, and talk of consensus is just that money has not been earned enough.
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#BTC

BTC is a bit erratic again, not staying steadily after the Rebound, but experiencing a downward movement. The trend is really worrying. However, the mainstream spot market is still holding up, not too disappointing. But those alts, just showing some improvement, then fell back shortly after. It's really nerve-wracking, especially for those fren with leverage, the substantial Fluctuation is unbearable for the heart!
Now everyone is wondering if the bull market will come again. Will the spot assets in hand be sold off? Don't worry, let me analyze it slowly. Note: This article is a personal retrospective record and should not be regarded as investment advice. I think BTC may fluctuate between 94000 and 98000 recently, and it may drop a bit further. But if it really falls to 90000, it should stabilize.
Let's talk about BNB again. This guy has been around 600 for a long time, but fortunately, there are loyal airdrops to give it extra points, so its performance is still acceptable. I expect it to be relatively stable between 640 and 680.
As for the second ETH#ETH , it now has to act according to the attitude of BTC. If BTC does not take a new path, it can only stand still. For now, the range of 3200 to 3500 is its temporary safe zone.
Some important information:
1. CZ: It's a bad idea for two people to access the same private key. Cryptocurrency should be transferred to an address that you own.
2. Barclays Bank expects the Federal Reserve to pause its rate cuts after June next year until mid-2026.
3. El Salvador President's senior Bitcoin advisor Max Keiser said that President Bukele has increased the daily purchase of Bitcoin, with a medium-term goal of buying another 20,000 Bitcoins.
Back to today's daily BTC#BTC market analysis. From the candlestick chart, there is a stabilizing trend on the 1-hour time frame, a downward movement on the 4-hour time frame, a downward movement on the 12-hour time frame, and a downward movement on the daily time frame. The intraday resistance level is $97,100, and the support level is $92,300.

Bro, it's almost Chinese New Year, do you have any ways to make money? I'm also going back to the village for the New Year and visit Wang's house to ask her to introduce me to a potential partner. I'll take your advice, selling magnetic couplets. It's hard to find a good project before the New Year, and selling couplets is also good. Whether it's firecrackers, red envelopes, or couplets, they are all essential for the New Year.
Today, the magnetic couplet I mentioned is not only elegant and generous, but more importantly, it saves effort. Just gently attach it to the door. How to operate? Buy two pairs of magnetic couplets, take the process of sticking them on different doors and the finished products into videos. This single unit door can produce more than 100 original videos. Then, find magnetic couplet products with a suitable commission ratio through a small shop or a small yellow car, and then mount them on the videos you want to publish. It's easy to make dozens of videos in a day, it's difficult not to think of a single one.
So it's already 2025, and you're not making money anymore. Are you still having a good year? Hurry up.#BTC

This market is so cruel. On the 20th, BTC fell to 92300, but on the 21st, it rebounded to 99570, with a fluctuation of nearly 8 points. Many people cut their losses or got liquidated at the lowest point. After seeing the rise, they chased in again. As a result, they have fewer and fewer coins. Many people who have been washed out are still unwilling and are preparing to enter the market again. If they don't learn their lesson, they will continue to be played for suckers and get liquidated.
This coin trading is really not easy without enough experience! Just like on the 20th, BTC suddenly dropped to 92300, scaring many coin friends into either Cutting Loss or Getting Liquidated. As a result, on the 21st, it rebounded to 99570, and many people, seeing the rise, hurriedly rushed in, only to find that they had fewer and fewer coins in hand. Buying low and selling high is a steady win, while selling low and buying high is a steady loss, resulting in two completely different outcomes.
So, what will the market do next? Is the bull market still there? Don't worry, let's take a look at the news and data from all parties, and review it together. This is just my personal opinion. Have fun with it and do not take it as investment advice. The good news is that the Fed's words have been pretty much digested by the market. Overall, there are still more good news. On Friday night, the US stock market also stabilized, and BTC is also doing okay. After yesterday's turmoil, we can see that the market is not trending towards a crash, and it has stabilized.
Now BTC is hovering around 97000, with a big fall on the 20th and a particularly large trading volume! Next, it may fluctuate between 95000 and 100000. This position has some risks, so it is not recommended to buy a lot now. If it really falls below 95000, we can slowly buy it until 80000. Of course, it would be better if it doesn't fall so badly! If BTC rises to over 100,000, then consider selling some of the previously purchased.
Let's talk about BNB again. After falling to 620, it bounced back immediately, stronger than BTC and ETH! It may fluctuate between 660 and 700 next. As for ETH#ETH , it seems a bit weak this time, just look at ETH/BTC, it has been falling. In the short term, it may move between 3400 and 3700. But don't worry, it will take off when BTC stabilizes. It's also a good idea to do spot grid trading now.
Some important information:
Despite the fall in Bitcoin prices this week, the US spot Bitcoin ETF still purchased 4349.7 BTC, while mining output during the same period was 2250 BTC.
SEC Commissioner Hester Pierce said she is willing to reconsider the physical redemption and pledge of Bitcoin and Ethereum ETFs.
3. Paolo Ardoino, CEO of stablecoin issuer Tether Holdings Ltd., said in an interview that the company's net profit this year is expected to exceed $10 billion.
Returning to today's daily BTC#BTC market analysis: From the perspective of the candlestick chart, the 1-hour timeframe is in a sideways trend, the 4-hour timeframe is weakly sideways, the 12-hour timeframe is consolidating sideways, and the daily timeframe is falling. The intraday resistance is at 99500, with support at $95000.

Where can I catch the altcoin buy the dip opportunity now?
Bitcoin has now fallen back to around 98000, and many people have told me that it's a good time to buy the dip. In fact, this kind of correction is relatively normal. It's the altcoin side that worries people. Bitcoin is still at a high level. What will happen if altcoins fall further?
In the worst case, the absolute support for Bitcoin is at 90,000, and the support for ETH is at the key level of 3,000. Those with leverage should pay attention. Although this time Powell unexpectedly dumped the market, I think there will be a market trend when Trump takes office on January 20th, so I consider this pullback as a necessary consolidation before the rise again. There are still 30 days left, which is ample time for the market to consolidate and recover.
At this stage, if the position is not heavy, you can use the strategy of buying large amounts in big dips, buying small amounts in small dips, and not buying when there is no dip to gradually pick up cheap chips.
The current state of the entire market is that Bitcoin and Ethereum have relatively more buying support at the lower end due to the spot ETF and backing from major capital. However, most altcoins lack the support of major capital, so once they fall, there is no support level, mainly depending on market sentiment.
So, at this time, it is essential to control the position properly, and there are also some skills in the execution of the strategy:
You can basically buy any altcoin (market capitalization of more than 1 billion) in the top 50 rankings, the issue is not significant, it's just a matter of making more or less profits when altcoins are bullish.
2. Furthermore, for example, the top 300 altcoins (with a market value of over 100 million) will really test your selection skills. Making the wrong choice could mean missing out on the entire altcoin bull run, while making the right choice can bring substantial profits.
3. The most important thing is not to open contracts, not to use leverage, only to buy spot, any altcoin, even in a raging bull market, leverage of more than 3 times is basically like threading a needle.
If you are optimistic about the future market, you should hold on; if you are not optimistic, you should sell. These are the correct actions. The only wrong action is chasing highs and selling lows. We can only, and also need to, be responsible for our own accounts.
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Data to follow next week
Earlier this week, Bitcoin fell from its all-time high. On Friday, it continued to decline and briefly approached $95,000. Earlier, Bitcoin had just hit a new all-time high of over $108,000. This round of decline in the cryptocurrency market has had a greater impact on altcoins such as Ethereum and Dogecoin.
As Christmas approaches, the market will be relatively calm next week, but there are still some influential data, and due to thin liquidity, market fluctuations may become significant.
The following are the points that the market will focus on following in the new week:
On Monday at 23:00, the U.S. December Conference Board Consumer Confidence Index.
Thursday 21:30, US initial jobless claims for the week ending December 21.
For the dollar, as the overall bias of the Federal Reserve is hawkish, it is expected that the dollar will not easily lose its throne this year, although the low trading volume during the holiday period may cause some unnecessary fluctuations.
Overall, if there is any market turbulence during the holiday period, it is more likely to affect US stocks and bonds. The hawkish stance of the Federal Reserve has not been well received on Wall Street, and the sell-off may intensify as US Treasury yields continue to rise.

Bull run, simply put, means the overall trend is upward, and the rise is very fast. In this case, Fluctuation must also be large. AltCoin usually fluctuates by about 10%, but now with the bull run, 15%-20% fluctuation is no big deal.
Now AltCoin has fallen below the support level and entered an unattended zone. Coins with high market value may experience a 75% pullback, and those with low market value may even return to the starting point. But don't think the Bull Market is over just because of a drop, or you'll suffer great losses. Remember, in a Bull Market, even if you get trapped in a long position, there is still a chance to get out, but if you get trapped in a short position, you can only wait to be liquidated.
If you have a long position, don't rush to sell. You will regret it when the price rises again. Wait for a strong reversal signal before adding to your position and lowering the average price of your long position. This way, you will be ready for the cryptocurrency frenzy after Trump takes office next year.
If you don't have many long positions in hand, or haven't made money in the near future, don't rush. Wait patiently for the reversal signal. When you buy in at that time, you are buying in the 'golden pit' of the Bull Market, which is an excellent position. Never rush to buy just because of a big drop. The Bull Market is for those who are patient.

The serious losses in the altcoin market are over, and many altcoins are approaching the bottom, but there is still hope for the overall market and altcoin pump!
As I mentioned before, the altcoin season in the 21st year has been relatively strong, and this round of altcoin season is a three-step forward, two-step back rhythm.
For AltCoin, the opportunity to escape and the opportunity to get on the bus are actually two sides of the same coin. The real key is: are you trading based on emotions or are you engaging in the game with risk management at its core?
"The so-called 'last chance to escape' is just a gimmick. I haven't recommended any losing coins for the past few months. The recommendation frequency is very low, usually only a few short-term coins per week. The goal is to take half of the profits at 10%, or clear the position and switch to U (based on personal holdings)."
Even in a bull market, pullbacks are normal. As long as we can withstand this adjustment, a stronger market is not far away. The bull market is far from over, and the strategy of buying on small dips and large dips is still effective!

In recent days, BTC has experienced a big dump along with the entire market, just like a merciless meat grinder. As early as December 17th, I reminded everyone that the market may pull back, and there were also signs of a fall from a technical perspective. I also advised everyone not to open contracts. Friends who listened should have avoided this wave of big dump. So, what will the market do next? Let me briefly share my thoughts. If you're interested, take a look. This is just my personal opinion and not investment advice!!
There are many reasons for this big dump. On the side of the Federal Reserve, old Powell said they can't buy Bitcoin and don't want to change the law, which has poured cold water on the market. Also, those who made money before now want to take their money out and secure it. In addition, we cannot rule out the possibility of large holders intentionally suppressing small retail investors. However, to be honest, although this fall was sharp, falling from 108,000 to 92,280, it's only a fall of less than 15%, which is not too bad. Many altcoins have been hit hard, such as Dogecoin, falling from 0.48 all the way to 0.262, that's truly miserable, a 45% fall! Think about the last pullback when Bitcoin fell from 73,777 to 49,000, that was a heart-stopping fall, and that magnitude was truly frightening.
Now, Bitcoin seems to have stabilized a bit and rebounded to around 97000. It is estimated that the market will fluctuate and consolidate at this level over the weekend. At this time, it is not suitable to act recklessly, but if you think the price is right, buying some spot goods and holding onto them is also a good choice.
BNB also fell quite significantly, dropping from a high of 793 to around 620, a decrease of about 21%. However, as a mainstream coin, it is quite resistant to falls. If you are good at spot quantitative trading, you may be able to make some profit by operating back and forth at this time.
Ethereum #ETH suffered a bit, falling to around 3100, a drop of nearly 25%。After this rebound, we need to adjust our strategy. Fortunately, some institutional ETFs are buying，otherwise, who knows how much it would fall.
Some important information:
South Korean Deputy Prime Minister Choi Hyeon-mu said that the government has a positive attitude towards cryptocurrency and has decided to postpone the introduction of cryptocurrency taxes while formulating new regulatory policies.
Deutsche Bank is developing a blockchain network project dama2 based on ZKsync technology, aiming to improve transaction efficiency and strengthen regulatory compliance
3. According to the monitoring data, investors have withdrawn 204,772 bitcoins from the exchange in the past 60 days.
Speaking of today's daily BTC#BTC market analysis, from the perspective of K-line, the 1-hour timeframe is rising (momentum is insufficient and is about to move sideways), the 4-hour timeframe is rising, the 12-hour timeframe is falling, the daily timeframe is falling, the intraday resistance level is $100,000, and the support level is $94,000.

How to avoid losses in this altcoin season? 10 fatal mistakes and coping strategies
The bull market in the altcoin market is always full of temptations and risks. When prices soar, many investors are prone to emotional decision-making, resulting in losses. Here are the top ten common mistakes that may cause you to lose money in this altcoin season, and how to avoid these pitfalls.
1. Do not set clear profit objectives
When the market rises, it's easy to get addicted to the idea of going up a little more, and ultimately lose the gains that have been realized when the market reverses.
How to avoid:
Set clear profit targets for each investment. Take profit gradually in stages to lock in profits as real funds.
2. Lack of planning while following the trend
The allure of hot projects is hard to resist, but chasing after them at high levels often leads to losses when the hype subsides.
How to avoid:
Have clear investment reasons before entering the market. Avoid impulsive trading driven by FOMO (Fear of Missing Out).
3. Ignore risk management
Investors in a bull market are prone to overconfidence, engaging in full position investments or leveraged operations, and even holding single high-risk assets, which can lead to catastrophic losses.
How to avoid:
Diversify the portfolio by transferring some funds to stablecoins and other low-risk assets. Set stop-loss levels to reduce the potential risk of individual investments.
4. Quitting prematurely due to lack of patience
Some investments may take time to realize their value, but lack of patience may cause you to sell before a big rise.
How to avoid:
Believe in your research and reduce the time spent checking the market frequently.
Give investment enough time to ferment and let the market play its role.
5. The trading strategy is too complicated
Too many technical indicators and analysis can lead to hesitation in decision-making and missed opportunities.
How to avoid
Simplify trading strategies, relying only on a few key signals. Keep the operations clear and decisive, without hesitation due to over-analysis.
6. Excessive trading leads to evaporating profits
Frequent trading not only increases transaction costs but also easily triggers emotional decision-making, leading to more mistakes.
How to avoid:
Reduce the frequency of trading and focus on a small number of high-conviction trading opportunities. Let your investment grow on its own, don't be in a hurry to profit every day.
7. Give up good performing investment
Selling strong-performing tokens and switching to so-called potential coins often does not pay off. The reason why winners win is because they have sustainability.
How to avoid:
Let your winners continue to grow, not giving up current successful investments in search of new opportunities.
8. Excessive self-confidence leads to increased risk.
When the market is generally rising, investors are easily mistaken for mastering the market rules and thus taking on greater risks.
How to avoid:
Stay humble and respect the market's uncertainty. Always control your position and avoid exposing yourself to excessive risks due to overconfidence.
9. Over-diversification of investments
Trying to seize every opportunity may result in a diluted portfolio, making it difficult to focus and achieve maximum returns.
How to avoid:
Focus on 2-3 projects that you truly understand and trust, and focus on high-quality investments. "Less is more".
10. Chasing Improbable 100x Returns
Looking for the next '100x coin' often leads to the trap of speculative and low-quality projects, ultimately resulting in the loss of principal.
How to avoid:
Invest in high-quality projects with strong fundamentals and real-world use cases. Remember, most significant returns come from holding high-quality assets for the long term.
Conclusion
To profit in a bull market, it is not only important to seize opportunities but also to avoid risks. By setting clear goals, making plans, managing risks, and staying calm, you can avoid fatal mistakes in this altcoin season and maximize profits for long-term success. The altcoin market is full of temptations, but discipline and strategy are the key to staying invincible.
Follow me for more news and information during the bull market.

Faced with altcoin big dump brought by BTC and ETH wash trading, how should Newbie retail investor do?
1. If your entire position is trapped, just choose to lie flat. Don't think about using leverage to make a comeback. Adding leverage may result in liquidation, forced closure, or zeroing out.
2. If you are empty-handed, you can now choose your favorite coins to buy the dip, such as DOGE, SOL, ETH, BTC, XRP, etc. Don't go all in, and don't try to buy the bottom, it's too difficult!
3. If your money is useful, you are also very nervous, because the recent market trends are all falling at night, then you can do intraday trading, not overnight, just hold U overnight. This way, there won't be too much pressure!
4. If you like to trade futures contracts, I suggest doing ultra-short-term trading instead of long-term trading, as it is easy to get buried. Whether you go long or short, remember to set stop-loss and take-profit. Be careful of liquidating the contract unexpectedly!!

The market is like this. Every time you fantasize about hope, it always gives you a blow on the head!
Yesterday morning, Powell's words detonated more than 300,000 people. They thought that there would be no more wind after the wind. Unexpectedly, the bears launched a counterattack. The Federal Reserve has no intention of participating in any plans to hoard a large amount of cryptocurrency by the government. In addition, the Federal Reserve's meeting lowered its expectations for interest rate cuts next year. As a result, cryptocurrencies have experienced four rapid declines, and this is considered the fifth time.
It can be said that the sharp decline in the previous four times has consumed a large amount of buying orders, so after this sharp decline, there is not much buying orders on the market, but instead a sideways decline has appeared, which is equivalent to burying the funds for bottom fishing again.
In the long run, the current decline is nothing.
Let's talk about Powell's bearish comments on Bitcoin. It is known that Trump is bullish, and now Trump's power is basically at its peak in the United States. Powell's resignation is just a matter of words. Even if he is not brought down, Arthur Hayes believes that Trump can also balance Powell through his nominated Treasury Secretary Scott Bessent.
In short, the market's recent decline has been a bit impulsive, and rational thinking should distinguish between the big and small kings.
The long-term upward trend of Bitcoin remains unchanged. This round of pullback is just a clearing of leverage, and then everyone will get on board.

Today is the third day of the Witch Festival, it will be over after tonight!
"Triple Witching Day" refers to the day when stock index futures, stock index options and stock options all expire in the US stock market.
Usually once a quarter, namely the third Friday of March, June, September, and December. When these three financial derivatives expire, they will trigger a series of trading activities, which will have a significant impact on the stock market.
The Christmas market has a 70% probability of falling and a 30% probability of rising in previous years. Bull markets often experience violent declines, but the overall trend remains unchanged. Hawkish remarks from the Federal Reserve have created panic in the market, and it is expected that Trump's entry next month will dissipate market panic.
Tomorrow is the Winter Solstice, and Qimen Dunjia says that the Winter Solstice marks the birth of yang energy, and the yang qi gradually rises, everything is about to be cleared away~
🎈 At present, the number of liquidations in 24 hours is 350,000!

Some important impacts after the Fed's interest rate cut meeting.
The US dollar index rose to its highest level in over 2 years at 108.26, while the euro, pound, and other currencies fell by 1% on the same day. The offshore RMB exchange rate also hit its lowest level since 2023 at 7.32. Looking at the sharp decline in the US capital market, the S&P 500 index saw its largest single-day drop since 2001 (interest rate decision day), the Nasdaq index experienced its biggest drop in 5 months, and the Nasdaq Golden Dragon Index also saw a 2.4% decline.
A meeting that was originally in line with market expectations turned into a massive sell-off of risk assets due to the signal released by the central bank that further interest rate cuts may be halted. What are the key points we need to pay attention to in this matter?
First, although our previous economic work conference said that we should adopt a "moderately loose monetary policy", due to the fact that the United States has given a signal that is not so loose in the matter of interest rate cuts, the pressure on our policy next year will be greater than before. Of course, as for this "signal", whether it is further pressure given by them after seeing the looseness of our economic policy, it is still unknown for the time being, but it can be known that the difference in interest rates between us and them will be further widened in the future.
Secondly, from their current description, the Midea economy still appears to be relatively resilient. There are no signs of an impending economic recession.
Third, for next year, there may only be two interest rate cuts, which is also another confirmation to the whole world, including us, that we will impose additional tariffs in the future, and the intensity may not be small.
Fourth, with such a significant drop in the U.S. stock market yesterday, it is not ruled out that it will have a direct impact on other capital markets for a certain period of time. Finally, the offshore RMB exchange rate has reached a phase of low levels. Therefore, in this situation, it also puts further pressure on our capital market.
For the currency circle, although the later interest rate reduction prediction is currently affecting the price, the correlation between Bitcoin and major stock indices has decreased, so it may not have a long-term impact.
The expected slowdown in interest rate cuts by 2025 is not entirely surprising, but it has put some pressure on risk assets, including cryptocurrencies. While macro factors traditionally influence the price trends of cryptocurrencies, industry-specific factors may dominate in the coming weeks and months, especially when the market anticipates policy changes from the incoming government.
Bitcoin didn't drop much in this wave. It's just that the altcoins are suffering more! Many altcoins are almost halved! You say you want to cut interest rates, but you have to say that my economy is strong and I will slow down interest rate cuts in 2025! It's really a dead duck with a hard mouth!!
After this round of Bitcoin's pullback, many altcoins have plummeted! In the future, even if the altcoins have unlimited downside, the spot market can be gradually positioned. When it falls, spot market layering entry is feasible!

Some people may still think it's safe to buy U with cash, but the card, WalletAddress is Decentralization, no need for T+1, thinking that the police won't be able to find out. But let me tell you, this kind of thinking is actually very wrong. There was a recent incident where someone had just finished selling U for cash, the cash counting machine had just finished counting, and within 5 minutes, they were arrested by the police. After being arrested, the police said he was suspected of Money Laundering and was directly taken to the detention center.
What's going on? It turns out that the cash was obtained by scammers. The scammer transferred the money to this person to buy U, so the police can trace him along this line. If this person sells U at a price much higher than the market price, or drives to another place to trade, or trades in a secluded place with no one around, and even uses a cash counting machine to count the money, chats on Telegram, then the police will think this person is even more suspicious, like a professional money laundering operation.
If a person always conducts transactions like this, it will be inferred that subjectively, it is initially classified as a crime of Money Laundering. The police may think that he is intentionally Money Laundering and then arrest him. #BTC

I warned everyone the day before yesterday that the market might pullback, and BTC really had a big dump. Nearly 300,000 people were forcibly closed positions, which is really tragic!
Actually, there are two main reasons for this big dump: one is that the Fed's interest rate cut plan for next year is not strong enough, which has dragged down the US stock market and brought down Bitcoin as well; the other is that Fed Chairman Powell said that they will not buy Bitcoin and do not want to change the law.
But I think these two issues are temporary and the market will digest them in a while.
Now Bitcoin has dropped to around 97000, don't panic too much, because this drop is mainly caused by news, so it may fluctuate around 100000 in the short term. If you think the price is right, you can try to buy some spot goods in batches, even until around 80000, but never touch the contract!
BNB also fell, but now it's rebounding quite quickly. In the short term, it may fluctuate around 700. If you're playing spot grid quantification, you should be able to make some profit. Ethereum #ETH is a bit miserable, falling harder than bitcoin, and rebounding with little strength. The funding rate has also dropped a lot. If it falls again, it may weaken for a while. As for Dogecoin #DOGE , everyone knows that it's just a decoration without Ma's shout. But no one knows when Ma will shout.
Overall, I think after this adjustment, Bitcoin will still fluctuate at high levels, and the bull market is not over yet. But there may be some risks in the next few days, and the real opportunity may not come until the middle to late January. So, it's safer for everyone to buy spot goods now, and never touch the futures, it's too scary!
Some important information:
1. Federal Reserve Chairman Powell said the Fed is not allowed to hold Bitcoin and has no intention of seeking to change the law.
2. South Korean Deputy Prime Minister Choi Sang-myung said that the government has a positive attitude towards cryptocurrencies and has decided to postpone the introduction of cryptocurrency taxes. It is currently formulating new regulatory policies, focusing on customer protection and the legal nature of cryptocurrencies.
3. Microstrategy co-founder Michael Saylor said the company will focus more on fixed income securities to raise funds for purchasing cryptocurrencies.
BlackRock points out that in case of worsening inflation, government bonds are no longer a reliable buffer against the sell-off of risk assets, investors should consider gold and BTC as new diversification tools.
Speaking of today's daily BTC#BTC market analysis, from the perspective of the candlestick chart, it is bearish on the 1-hour timeframe, bearish on the 4-hour timeframe, bearish on the 12-hour timeframe, and bearish on the daily timeframe. The intraday resistance level is $99,000, the support level is $94,000, and pay attention to the important key level at $95,000!