Interpretation of cryptocurrency market on Dec 8 2022

The market fell slightly yesterday. US stocks are moving similarly and show signs of bottoming out again. But for now, it's still a shakeout overall. In this market, it's not hard to feel the anti-human side of trading. The current market only makes investors want to quit, but also, this is a freezing and abrasive market, and certainty is the highest.

If the subsequent first bullish wave appears, we have to do more than buy equal lay breakout so simple. When to leave the market? What is the shape of the second wave? How to reduce the second wave adjustment brought retracement? How to get on board in the bull market third wave? These issues are much more difficult to judge than now. The operation is also more complex. So the current market must be concerned about the market even if it is boring again. Do planning and layout ahead of time. This certainty will be given by the market now and will not be available again in the next few years.

The current market fundamentals still need to improve. At the earliest, we have to wait for the data to land in the middle of this month. The possibility of another bottoming out cannot be ruled out later. But not important. The leverage is not high enough to simply ignore the difference between the bottom range and the lower edge of the base range.