Is the current market stable? I believe the main reasons for the short-term market stabilization are as follows: First, let's talk about the main reasons for the market crash: 1. The approach of significant Western holidays, such as Christmas, is tightening the financial situation; yesterday's remarks by Powell were the direct trigger, which lowered the market's expectations for interest rate cuts next year; 3. The deleveraging movement in Bitcoin has not stopped; Is the market worth investing in right now? 1. The current altcoin sentiment index has retreated to a neutral zone, specifically the 47 we discussed the day before yesterday; 2. The leverage cleaning in Bitcoin has basically wiped out most of the long positions; however, there are nearly 4 billion in short positions accumulating above; 3. The adjustment in altcoins has been significant, with a second wave of selling breaking the new lows from a few days ago; ETH has seen astonishing declines; Conclusion: In the medium to long term, it can be gradually invested in; The market has not yet reached the time for heavy investment, but short-term signs of stabilization are evident; 1. After the sharp drop to 95700 in the morning session today, the Asian market achieved a second test but did not break the new low. According to inertia, the Asian market is expected to maintain a higher probability of oscillating upwards. During the day, we need to pay attention to the important resistance area of 100000 for Bitcoin. If it can effectively break through and hold, it will drive the second wave of bullish sentiment in altcoins. If it cannot break through, the sentiment in the altcoin market remains quite pessimistic; because currently, there is no hot narrative to attract funds into altcoins; therefore, it is difficult for the sentiment to be activated.