The morning thought mentioned the need to record a bearish candle, and now the market's pattern is also showing a situation of three consecutive bearish candles. Since the outlook was shared in the morning, it has dropped by about 1000 points!

We also need to consider the impact of the Federal Reserve's interest rate cuts, which will further push the fourth wave of corrective movements. The greed index has not fallen below 75, lingering in extreme greed at 85 for over a month.

All these signs indicate that a waterfall-like decline is not far away in the near future, and the space for decline is significant; bullish positions should be cautious.

The fourth wave of corrective movements can be defined with three targets: the first target is 97,000, the second target is 93,000, and the third target is 87,000. Just look forward to the waterfall!

The market's closing in December will definitely not repeat history; this round of market movements will reach a new level. $BTC