On Monday, the bear turns back for a reason.

Since the warning of a full liquidation of multiple positions last Friday, I have been on guard for a market rebound, and sure enough, Bitcoin has once again plummeted, currently dropping to around $85,500. We have our long-term short positions in hand, and this surge has directly taken off to the atmosphere, with short positions raking in nearly 6,000 points, while Ethereum synchronously gained 200 points.

Some say that the sell-off was triggered by pressure from the heavenly dynasty, while others claim it was influenced by the resignation news of the Federal Reserve Chairman Powell. Regardless of the truth behind the rumors, we are now in a critical period. This round of decline is highly likely to revisit the previous lows of 80600/2621. If it breaks this watershed, the bear market will undoubtedly be in full swing.

The monthly line has seen three consecutive bearish candles, which indicates a relatively strong downward trend. It can be basically determined that the overall direction this month is returning to a downward trend, with both the weekly and daily lines closing with large bearish candles, breaking previous lows and moving in a one-sided manner. If it does not break, it will maintain a wide oscillation range at low levels. The next target we will temporarily look at is 75000/2280. With a new month ahead, that's all for now. Wish everyone all the best! #十二月行情展望