This week’s market action may finally deliver some results.
Just look at the schedule—Fed, Bank of Canada, Reserve Bank of Australia, Swiss National Bank, all announcing rate decisions within these few days. Add to that China’s CPI and social financing data coming out on Wednesday, do you really think Bitcoin and Ethereum can stay calm?
To be clear, the main focus still has to be on the Fed.
If the stance is hawkish and the dollar strengthens, the crypto market will likely come under pressure; but if there are dovish signals or the economic data falls short of expectations, funds could flow into crypto. A rally isn’t out of the question.
So over the next few days, we’re unlikely to see slow, minor fluctuations—it’s more of a turning point for choosing direction.
How to respond?
If you’re already heavily positioned, don’t force it—consider reducing some exposure to leave room for surprises.
If you want to seize the opportunity, it’s best to wait until the data is released before making a move. Don’t rely on guessing before the results are out.
Most important: don’t go all-in, don’t bet everything at once. You know how fast the market can flip.
This week, it’s all about the data. Until the direction is clear, survival is more important than chasing quick gains.
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OnchainDetective
· 12-09 07:45
Reduce positions to be on the safe side
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JustHereForMemes
· 12-08 03:43
Both addictive and competitive—really gets you hooked.
View OriginalReply0
blocksnark
· 12-08 03:35
Temporarily staying on the sidelines and observing
This week’s market action may finally deliver some results.
Just look at the schedule—Fed, Bank of Canada, Reserve Bank of Australia, Swiss National Bank, all announcing rate decisions within these few days. Add to that China’s CPI and social financing data coming out on Wednesday, do you really think Bitcoin and Ethereum can stay calm?
To be clear, the main focus still has to be on the Fed.
If the stance is hawkish and the dollar strengthens, the crypto market will likely come under pressure; but if there are dovish signals or the economic data falls short of expectations, funds could flow into crypto. A rally isn’t out of the question.
So over the next few days, we’re unlikely to see slow, minor fluctuations—it’s more of a turning point for choosing direction.
How to respond?
If you’re already heavily positioned, don’t force it—consider reducing some exposure to leave room for surprises.
If you want to seize the opportunity, it’s best to wait until the data is released before making a move. Don’t rely on guessing before the results are out.
Most important: don’t go all-in, don’t bet everything at once. You know how fast the market can flip.
This week, it’s all about the data. Until the direction is clear, survival is more important than chasing quick gains.