On Monday this week, Bitcoin experienced a unilateral sharp drop; on Tuesday, it reversed with a unilateral surge; on Wednesday, it continued to rise but remained under pressure; on Thursday, it consolidated sideways; and on Friday, it broke down again. Overall, Bitcoin is still in a weak rebound adjustment within the downward trend that started in November.

Ethereum has shown persistent strength or weakness—especially after this week’s upgrade, Ethereum broke through the 3200 mark in one move, and its overall trend was stronger than Bitcoin. However, under the impact of Friday’s breakdown, its decline actually surpassed that of Bitcoin.

Currently, the two most important events in December are the mid-month Non-Farm Payrolls report and the Federal Reserve interest rate decision. Both of these events are laying the groundwork for a possible “rate cut,” but whether a rate cut will actually happen remains highly uncertain in the market. As for whether a rate cut will definitely lead to a market rally, that’s not certain either…

Therefore, for every rebound, take the opportunity to short once—this is in terms of the major trend. In the short term, there will definitely be rebounds, so maintain a primary short and secondary long strategy. #BTC