Interpretation of cryptocurrency market on Dec 5 2022
The market remained indifferent over the weekend and continued to maintain a pattern of small shocks. Friday's NFP data was significantly better than expected. Instead of a significant decline, there was a slight increase. The data rose at the current stage still positive. So the announcement then appeared to be a rapid decline, except that it did not have a substantial impact. The reduction was only temporary, and the market quickly recovered its losses and returned to a narrow range of oscillation.
After previous Powell's speech and last week's NFP data, we should have a feeling. The short will not cause much impact, but the good market will be very positive to react. This is a visual representation of the current market sentiment. People's hearts have started to tilt towards the bulls.
This is the amount of advance that is necessary for trading. After a long time of oscillation, you have to do it according to the trend strategy, and after a long time of the bear market, you have to do it according to the bull market strategy. Especially the oscillation to trend, but also at the same time superimposed on the bull market to start this time. Because once the uptrend in a bull market appears, then take the time to watch and make decisions. You risk missing out on a significant gain. It is essential to ensure that you are on the right side of the curve the first time.
Starting this week, the live content of the BKEX Institute will shift to trending strategies. For those who want to learn together, please follow BKEX live every Monday and Thursday at 3:30 pm.
After previous Powell's speech and last week's NFP data, we should have a feeling. The short will not cause much impact, but the good market will be very positive to react. This is a visual representation of the current market sentiment. People's hearts have started to tilt towards the bulls.
This is the amount of advance that is necessary for trading. After a long time of oscillation, you have to do it according to the trend strategy, and after a long time of the bear market, you have to do it according to the bull market strategy. Especially the oscillation to trend, but also at the same time superimposed on the bull market to start this time. Because once the uptrend in a bull market appears, then take the time to watch and make decisions. You risk missing out on a significant gain. It is essential to ensure that you are on the right side of the curve the first time.
Starting this week, the live content of the BKEX Institute will shift to trending strategies. For those who want to learn together, please follow BKEX live every Monday and Thursday at 3:30 pm.