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December has started red for Bitcoin and alts.
Historically, a red November has always resulted in a red December.
But this time, something different could happen.
We have seen a lot of past patterns turned out to be wrong.
Even green September didn't bring green October.
So what will actually decide this month?
Well, this month has a lot of macro events.
US CPI, unemployment, FOMC, BOJ rate decision etc. will happen this month.
If you're looking for a green December, inflation needs to go down while unemployment needs to stay high.
Also, Powell speech will be very important.
During the last FOMC meeting, Powell turned hawkish and dumped the market.
If he turns hawkish again, there'll be some damage.
But the dump won't be as severe as the last time.
This is because Trump is set to announce the next Fed chair this month and the markets will now focus on the next Fed chair.
Overall, I still think that December could be green and Q1 could be good for markets too.