It's started, it's started. Yesterday morning, I analyzed the callback mentioned by Wen, and last night the big coin dropped to 96k. It rebounded from the support level of 95800 mentioned yesterday, but many long positions were liquidated. My view is that if the support between 94k and 96k cannot hold, the probability of a further drop may be greater. However, for those who haven't entered the market, this pullback can be seen as an opportunity.

We are still in a period of sector rotation. Funds have not really started to flow into altcoins, which means that while the big coin is pulling back and dragging down altcoins, it is also giving us a chance to enter the market. Moreover, with the end of the month approaching next week, after a month of growth, is it possible that something will happen in the last week of the month? The PCE data next Wednesday and the Federal Reserve's monetary policy minutes are also key points.

Let me share some good news with you. Like, follow, save, and share! FTX will launch a restructuring plan early next year, which has been confirmed. It is expected to start distributing about 16.5 billion dollars in compensation to previous users, which means this will be directly compensated to small investors. What will happen when small investors in a bull market hold these compensation funds? The market will welcome a wave of liquidity belonging to old users in the crypto space. So, brothers, don't be afraid of the pullback; it is also an opportunity for us to enter the market while liquidating positions.

Now, back to today's daily BTC market analysis. From the candlestick chart: the 1-hour level is in a downtrend, the 4-hour level is in a rebound, the 12-hour level is in a downtrend, and the daily level is weak and about to consolidate or decline. Today's resistance level is 99400, and the support level is 95000 dollars.