We are definately seeing some pullbacks and is really normal process. The question is how low of a pullback?
$Bitcoin (BTC.CC)$
Me thinks 93k, 87k or 72k before the 100k. 🔮
Throwback on my old post.
100k moment of pullback or a bullish trend? 🤔🤔🤔
Definitely affect crypto mining and Bitcoin holders such as
$MARA Holdings (MARA.US)$ $CleanSpark (CLSK.US)$ $Riot Platforms (RIOT.US)$ $MicroStrategy (MSTR.US)$
Cheers and happy Monday opening trade. 🥂

$Bitcoin (BTC.CC)$
The trend of bitcoin currently cannot be accurately analyzed. Just remember, as soon as a journalist captures Trump using bitcoin to pay at mcdonald's, it will immediately skyrocket! This is the power of setting traps, ordinary people follow the trend, while experts set traps. 🤣

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$Direxion Daily FTSE China Bear 3X Shares ETF (YANG.US)$
Minister of Finance, Lan Fo'an: With the approved additional 6 trillion yuan debt ceiling, the direct increase in local bond resources reaches 10 trillion yuan. Caifin11 reported on November 8th that Minister of Finance Lan Fo'an introduced at the press conference of the 12th meeting of the 14th National People's Congress Standing Committee held on November 8th that starting from 2024, China will allocate 800 billion yuan annually for five consecutive years from the newly added local government special bonds, specifically for debt restructuring, cumulatively replacing 4 trillion yuan of hidden debts. In addition to the 6 trillion yuan debt ceiling approved by the National People's Congress Standing Committee this time, the direct increase in local bond resources amounts to 10 trillion yuan. It was also clarified that the 2 trillion yuan of hidden debts for shantytown renovation due after 2029 will still be repaid according to the original contracts. Lan Fo'an stated that after the concerted efforts of policies, the total hidden debts that local governments need to digest will drop significantly from 14.3 trillion yuan to 2.3 trillion yuan by 2028, greatly relieving the pressure of debt restructuring.