I remember that on October 10, after the CPI annual rate was announced, the market fell from 61,300 to 58,900. That was the starting point of the cycle rise in early October, and it fluctuated upward all the way to the highest point of 73,660.
The CPI annual rate in November appeared in the rest period after the sharp rise this month, which is worth pondering. The October CPI annual rate appeared at the end of the September cycle, the beginning of the October cycle, and November rose by more than 20,000 points to 90,000 points. At this time, the announcement of the CPI annual rate will indicate that the high level of the November cycle has come to an end, and the market will blow the horn of a formal decline. Or continue to rise.
I personally am optimistic about the decline, whether it is a pull-up to lure more to smash the market, or a direct smash. I am optimistic about the decline, but I don’t think this is the highest point of the month. There will be a new high at the end of the month. This decline is just a larger correction.
The above is my personal market analysis and prediction. If you follow the contract trend, you should consider it carefully. After all, the distance between the high and low points of Btc is getting bigger and bigger, the trend is getting harder and harder, and it is easier to blow up. I use the "Short Exploration Method" myself, with two layers of risk protection, focusing on the band, and then the profit exploration of the medium and long term, and the stop loss is placed in the profit.
