On Thursday, the US stock market closed higher, but the crypto market did not rise, indicating a rather grim situation. This week, the bulls have been essentially pressed to the ground and rubbed. The off-market negative factors such as Greenland (Denmark is preparing) and the Iran geopolitical conflict will continue to influence the market. Watching gold continue to surge and approach $5000 per ounce, while Bitcoin remains volatile around 90,000, once again proves that Bitcoin has never had the function of a safe-haven asset.
The Federal Reserve's pause on interest rate cuts in January is virtually certain. The US government may face another shutdown on January 30th. Next week, it is advisable to mainly short on rallies until February 5th.
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On Thursday, the US stock market closed higher, but the crypto market did not rise, indicating a rather grim situation. This week, the bulls have been essentially pressed to the ground and rubbed. The off-market negative factors such as Greenland (Denmark is preparing) and the Iran geopolitical conflict will continue to influence the market. Watching gold continue to surge and approach $5000 per ounce, while Bitcoin remains volatile around 90,000, once again proves that Bitcoin has never had the function of a safe-haven asset.
The Federal Reserve's pause on interest rate cuts in January is virtually certain. The US government may face another shutdown on January 30th. Next week, it is advisable to mainly short on rallies until February 5th.