Today, BTC reached a peak of 99,500 at 98,028,419,068, basically wiping out a batch of shorts before starting to pull back. Currently, it seems stimulated by last night's favorable news; BTC has shown signs of stopping the decline and rebounding. For now, it appears to be holding around 97,500. If it holds, we believe this adjustment wave has basically completed, and there won't be a second bottom test, so one can continue to go long. However, if it breaks down, we need to remain bearish. Nevertheless, it is estimated that the bottom won't touch 92,000 again in the short term, and it will likely experience weak fluctuations until a direction is chosen after Christmas.