Interpretation of cryptocurrency market on OCT 21 2022

The market continued to fluctuate slightly yesterday, and the data on the number of US unemployment claims was disclosed overnight. As judged in the previous article, under the premise that the Fed's purpose has been exposed, they will have little influence as long as other data are not particularly exaggerated. Unless the Fed's interest rate decision on November 3 makes a significant adjustment, it will not have much impact.

In yesterday's article, I compared the end of the bear market in 2018 and the current trend, which is very similar. While it is unreasonable to believe that the market is entirely reoccurring, the market is no longer the market of 2018, and investors are no longer the investors of 2018. But we need to be fully prepared for all possibilities.