It’s that time again in a four-year cycle. Looking back at BTC, the last two peaks look almost identical, and even the monthly line drop is like a copy-paste – directly crashing by 17% in November.

December? There's a high probability of continued turbulence, after bouncing around, it is estimated that there will still be a -15% bearish candle. The altcoins might hit new lows. But don't be too quick to despair, from January to March next year, BTC will likely see a short-term rebound, shaking back and forth to collect a few bullish candles.

This is the time for the shanzhai performance. Once the profit effect appears, retail investors are easily misled into thinking "the bull is here." What happens next? Another round of steep falls follows, officially starting a long bear market. The cycle has never been polite to you.