Last night, $BTC fell below 94,000 with a small trading volume, and then immediately rebounded with a large volume, indicating that the buying star has the advantage and $BTC has completed the second bottoming out.

When $BTC fell below 94,000, the coinbase Bitcoin premium index briefly turned negative, and then quickly returned to a positive value.

Judging from the depth and volume of this second bottoming out, as well as the fact that the coinbase Bitcoin premium index quickly turned positive after a negative value, the negative impact of the US government's transfer of nearly 20,000 bitcoins the day before yesterday on the market was not that great.

The US November non-farm payrolls data will be released on December 6, which is the last important data before the December interest rate meeting. If there is no major negative news in the non-farm data, it is estimated that the rally will start soon.