EndRana¹⁴³Malang

(💐💐Fan benefits: I have prepared BTC red envelopes for you.🧧🧧🧧

Recently, the cryptocurrency market has plummeted, leaving many people confused about why it keeps falling. What should be done next?

There is only one core reason: the strong centralization of the US dollar crushing everything + global liquidity tightening.
The US has repeatedly delayed interest rate cuts, which may not happen until mid-year at the earliest. The US dollar continues to strengthen, with funds flowing back to the dollar globally. High-risk assets are collectively being drained; US stocks are falling, and the cryptocurrency market is also down, essentially being led by the strong dollar. Additionally, with overseas economic data cooling, market risk appetite plummeting, and tighter domestic regulations, the market simply cannot bear the dual pressure.

On the news front, the dominant theme is negative:
Regulations continue to tighten, directly suppressing market sentiment; ETF funds are continuously flowing out, and institutions are constantly reducing their positions; high leverage liquidations are occurring in bulk, with tens of billions in funds evaporating, leading to a collapse in market confidence.

The only good news is: US inflation has somewhat receded, alleviating interest rate pressure, and overseas regulations are gradually moving towards compliance. These can only be seen as long-term positives, which won't save the market in the short term.

$BTC BTC has been cut in half from its peak and is currently fluctuating at a low level, with support seen at 60,000-65,000 and resistance at 70,000-72,000;
$ETH ETH has fallen nearly 60%, repeatedly testing around 2,000, with support at 1,850-1,900 and resistance at 2,100-2,200.
The current rebound is just a correction after a significant drop, not a reversal. The volume is not keeping up, so don't mistakenly think a bull market is back. As the New Year approaches, be cautious in placing orders.

Claim Big Red Box 🎁🎁🎁

1.Follow me
2.Drop answer the question
3.Repost = claim gift🎁🎁