Many people always assume that as the "rate cut approaches," there will be a big rally in the market, and with the extension of the four-year cycle, they think Bitcoin will reach new highs again. In the end, they lose because of these assumptions...

Historical experience can be used for reference but shouldn’t be relied on excessively. The current market and trends are completely different from the 2021 phase. Now, most of the market is guided by institutions/whales, the US stock market, and US economic data. Meanwhile, speeches by Powell and Trump can also trigger huge market volatility.

Looking at the whole market, probably no one is as determined as Ying Jie. 2025 is almost over, and once again, I want to emphasize that the closer we get to 2026, the more obvious the bear market will become.

Short-term, go long; for the long-term, the main strategy should be bearish, which is the steady approach. In the short term, don't let the rate cut issue disrupt your direction. When the price rises a little, people start predicting 98,000 and even 110,000, but when it breaks down on Friday, they start looking at 85,000 and even 80,000...

Eight hundred directions in a single day—technical ups and downs can only be used as a reference. Seasoned traders often lose out because of technical analysis. If even news can reverse, how much more so for technical analysis? Besides, rate cut rallies in October have all ended up falling, because the market overhypes everything—buy the rumor, sell the fact—so the December rate cut won't be much better.

A breakdown of the 90,000 mark is actually a good thing for bears. Next up are the mid-month non-farm payrolls and the Fed interest rate decision. Let the market perform, we’ll just watch, wait for opportunities, and cash in calmly... #BTC