Why can't this curse be broken? Every time at the beginning of the month, the cryptocurrency market experiences a pullback. Bitcoin is currently testing support around 95k; if it holds, it will continue to challenge six figures. If it can't hold, it may need to explore further down, testing the support at the round number of 90,000. So will December follow the old pattern of pulling back after a rise, or will it completely wash out? What will happen to altcoins? Don't forget to like, follow, and save; feel free to come back at the end of the month to challenge me.

First, from the perspective of Bitcoin's current market cap share, there may still be some room for a pullback, which also indicates that altcoins have some room for a rebound. After all, as Bitcoin's market cap share decreases, the market cap of altcoins will correspondingly increase.

Secondly, various data for December and global developments have been released, including ADP, non-farm payrolls, CPI, interest rate decisions, and the earlier discussion about whether Microsoft will decide to make Bitcoin a reserve asset for the company at the beginning of this month. If approved, it would undoubtedly increase buying power, but at the same time, market volatility would also intensify. Regardless, this round of the bull market is progressing step by step according to levels and phases, from Bitcoin to the second place $ETH, from second place to mainstream, and then to established sub-mainstream, such as Ripple $XRP, which we suggested to position around 1.3.

Currently, with a strong rebound from the second place, some altcoins have also seen a certain increase, so a slight adjustment is normal. It indicates that the real big bull market for altcoins is brewing; an appropriate pullback won't affect the overall trend of the upcoming bull market, but rather presents an opportunity for small retail investors like us.

Returning to today's daily $BTC market analysis: From the K-line perspective, the 1-hour level is down, the 4-hour level is down, the 12-hour level is slightly down, and the daily level is in a weak horizontal trend. The intraday resistance level is 98,100, and the support level is 93,300 dollars.