May 19, 2021, this was not just an ordinary Wednesday. On this day, the cryptocurrency market demonstrated its volatile nature, with a large number of leveraged contracts being forcibly liquidated, allowing many speculators to experience a moment that will come back again on this day 😂😂😂

Is December going to see a pullback according to the previous patterns or a complete washout? First, regarding Bitcoin: based on the current market capitalization share, there may still be some room for a pullback, which also means altcoins have corresponding room for recovery since Bitcoin's market cap share has decreased, leading to an increase in altcoins' market cap.
Secondly, various data for December has been released, such as ADP, non-farm payrolls, CPI, and interest rate decisions. Additionally, the previously mentioned giant Microsoft will also decide at the beginning of this month whether to make Bitcoin a reserve asset for the company. If approved, it will undoubtedly strengthen buying power, but at the same time, market volatility will increase.