Last week's panic was mainly driven by Powell's hawkish remarks.

Powell's comments and the latest dot plot indicate that the interest rate cut range may be adjusted downward next year, leading to a wave of panic selling in the market. Looking ahead, there isn't much important data this week, and after all, these two days are also Christmas, and Americans are going on holiday.

The first chart below shows the price fluctuations of Bitcoin before and after Christmas. Generally speaking, based on historical trends, Bitcoin usually rises after Christmas. Moreover, according to the second chart from Coinglass, the quarterly return rate of Bitcoin is typically quite good in the fourth quarter, so I believe everyone can look forward to it. #比特币市场波动观察