Even if Bitcoin rebounds after this secondary test is completed, it is merely a short-term rebound and it is not advisable to be overly optimistic.

The current market situation is:

1. There are a large number of trapped positions between 100,000 and 103,000 above;

2. The funding situation is still not optimistic; today's increase in USDT supply is only a slight improvement and is not sufficient to reverse the trend;

3. Buying in the U.S. continues to show weakness and may improve after Christmas;

Therefore, the height of the rebound may not be able to break through Saturday's high of 99,540, and the possibility of continuing to decline after the rebound is relatively high.

It is important to note that the current Bitcoin STH RP is around 85,600, and due to recent market adjustments, the upward movement speed is getting slower. Assuming it adjusts after two weeks of decline, the STH RP should be below 87,000 at that time.

I mentioned earlier that this adjustment is likely to find support at the STH RP.

So, the possibility of breaking below the 90,000 mark and finding support at support level 2 has increased.