I finally smelled the scent of the previous bull market. After the market went up quickly, the sky-piercing needle rebounded immediately. You dare not enter when it goes up, and you want to cry when it goes down.

1. Yesterday, BTC broke through $100,000 and then fell all the way in the evening. At 6:28 this morning, BTC experienced an extreme spike, and BTC fell to $90,500 in a short period of time. BTC was liquidated for $477 million in 12 hours, mainly long orders, reaching $410 million. It has been gradually repaired to $97,860, and other altcoins such as ETH have also gradually recovered after a short-term correction. Although BTC experienced a spike yesterday, the altcoins did not fall seriously. In this case, Neiro only fluctuated by less than ten points. The market sentiment is still optimistic, and the greed index reached 72. At present, the altcoins are still rising, and the AI ​​sector is rising across the board.

2. The big pancake's ten thousand knife callback, institutional old six has entered the market. After such a sky-high spike, isn't it a bit unattractive to enter the market? According to Cointelegraph, when the Bitcoin price fell to $92,957, multiple institutions and whales purchased Bitcoin: BlackRock bought 7,750 BTC during this period, bringing its total holdings to $48.9 billion.

3. On December 6, Trader T's monitoring showed that the net inflow into the US spot Bitcoin ETF yesterday was $780.78 million.

4. On the morning of December 6, US President-elect Trump announced the appointment of David O. Sacks as the White House Director of Artificial Intelligence and Cryptocurrency. David O. Sacks, a pro-crypto figure, has shown a strong belief in cryptocurrency since his early years. With the rise of David O. Sacks, Bitcoin may surge again.

5. According to BlockBeats, at 21:30 Eastern Time, the US non-farm payroll data for November will be released. According to CME's 'Fed Watch' data, the probability of the Federal Reserve cutting interest rates by 25 basis points in December is currently 71.8%.

This spike in Bitcoin has once again washed out a long position leveraged near the previous peak of ninety thousand, as well as trapped long positions chasing above one hundred thousand. Currently, considering the purchases by institutions and the US government, along with a series of pro-crypto officials' appointments, Bitcoin may rise again in conjunction with tonight's favorable interest rate cut. It is currently recommended to operate with light positions, as I believe that after yesterday's wave of liquidation, most people are still in a wait-and-see state after being washed out, although those who got in early have already entered. I woke up late today, and I can now wait for a directional choice after the data is released. What I have been saying and emphasizing is that no one can avoid spikes; what we can do well is to timely take profits and cut losses. Taking profits can be optional, but cutting losses must be done well, so set your stop-loss properly.