This week, btc consolidates. altcoin downward trend continues.

There are many reasons. First, the market has already priced in the interest rate cut expectations, combined with the decline in expectations for next year's interest rate cut. Second, it's close to Christmas, and some retail investors are cashing out and exiting. Third, some investors are taking profits. Fourth, it's a short-term pullback after a rapid rise.
At present, the downward trend will continue for a period of time, even if the interest rate cut is announced at the subsequent meeting. I don't think it will necessarily boost the market. But the overall direction is bullish, so hold on firmly and don't get thrown off the train.#2024 Gate.io 年度账单