This week's Bitcoin trend is relatively stable. Even if it doesn't continue to rise in the next few days, Bitcoin can hold at 90,000, and Ethereum barely stands at 3,000, which is acceptable. Currently, what is worth looking forward to is the interest rate cut landing because, for the current monetary environment, an interest rate cut will be a real benefit, unlike the kind of 'good news turning into bad news' that everyone understands.
Although I predict that the market won't be too good in the next one to two months, the low point from last week is likely to become an important support level, which means that even if there are further declines later, it won't drop below the support too much. I am using a grid strategy to cope with the upcoming market. On the one hand, even if the market is going to rise, it requires a long period of sideways movement to regain energy. On the other hand, the overall market has actually fallen quite a bit, and the space for further decline is relatively limited. The grid strategy is likely to capture the oscillation profits during this period. Similar to the grid are LP or option sellers; the logic is essentially similar.
Overall, it seems that we may have to go through a boring market for a while, a phase that almost always occurs after a major market crash. However, it's also the end of the year, Christmas and New Year's Day are coming soon. Since the whales are off to celebrate, we shouldn't fall behind in spirit; let's eat and play, and avoid watching or acting too much in the recent market.
