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Market Outlook
Continuing the expected correction, entering a long position around 90,000
Currently, the market continues to decline to around 91,000, with a rebound to fill the CME gap (a family member pointed out that it is not a daily-level gap, but a 4H gap) in the 90,300-90,000 range. In this range, considering a long position offers a very high cost-performance ratio.
Our previous prediction of a correction above 93 was correct.
Next, we will observe whether the market can stabilize and rebound around 90,000 as expected. If it stabilizes and rebounds, we believe it can go to 97-98.
The expected time to reach 97-98 is likely before the second week of January, that is, before the 15th.
After reaching 97-98, a new question arises: whether it can further rise to the 102-107 range or start to decline from this point.
If it continues to rise, it will reach the 102-107 range before the January FOMC meeting.
If it does not continue to rise, then the rebound is over.
This article is sponsored by #BCGAME｜@bcgame @bcgamecoin