Focus on the release of CPI data at 9:30 PM tonight and the opening of the US stock market at 10:30 PM to observe market sentiment trends.
Currently, most cryptocurrencies have retraced to the imbalance zone, and a strong rebound after a rapid decline is a healthy bull market signal.
However, the key factor that will truly determine whether the bull market can continue is the FOMC statement on December 19 regarding the balance sheet, particularly whether it will inject large-scale liquidity into the market.
If there is another wave in the bull market, we will inevitably witness significant capital inflows into the ETH ETF, which will also serve as a rallying call for altcoins to rise again.
During this period, closely monitor the patterns of various cryptocurrencies and consider the upcoming macro data comprehensively to determine whether to execute a replenishment operation.
