Today is December 3rd, BTC price is 92,999 1. Yesterday, the Fed ended QT (Quantitative Tightening) and started releasing liquidity. Risk assets surged in response, and BTC showed a bullish engulfing pattern. What’s a bullish engulfing? It’s when there’s a big red candle one day, but the next day a bigger green candle recovers the drop and goes beyond it. Usually, a bullish engulfing signals a potential bottom, with a high probability of an upward trend. 2. I’ve been telling everyone to buy spot positions because this is the lowest point of the year. Geopolitical risks still exist, and there might be wicks in contracts, but spot positions are relatively safe. 3. On MEME coins, customer service rep Xiao He saw a 2x surge today because He Yi was appointed as Binance’s co-founder. Chinese MEME coins are starting to gain momentum.