Since Powell's speech, today's market has been weaker than expected. Since breaking above 90,000, there have already been three rapid declines, and today marks the fourth. It can be said that the previous three rapid declines consumed a large amount of buying power, so after this rapid decline, there hasn't been much buying on the market. Instead, we are seeing a downward trend after a period of sideways movement, which essentially buries another wave of bottom-fishing funds. Therefore, it will be relatively difficult to return to a strong position in the short term.

The better scenario for Bitcoin is a rebound to around 103,000, while Ethereum is around 3,800. The weakness of Ethereum in this wave is beyond expectation; not only does it follow Bitcoin's decline, but it even lags behind Bitcoin's exchange rate. It truly missed the rise and is now falling even harder. However, due to relatively small profit-taking, the rebound momentum in the future may be greater than that of Bitcoin.

There is not much to say about altcoins. Large exchanges average five new projects a day, and on-chain, there is an average of one project every second. No amount of money is enough to distribute. During altcoin season, one cannot be rigidly fixed in their approach; it is better to respect the facts. When opportunities arise, the market will also show signals before a rise, so patience is key.

The Asian market is waking up soon, and the rebound momentum will be handed over to the Asians. After all, before Christmas, the main force is still in Asia. We will analyze the market's strengths and weaknesses in detail as the situation unfolds.