How can this curse not be broken? Every beginning of the month, the crypto market experiences a pullback. Currently, Bitcoin is testing the support around 95k. If it holds, it will continue to challenge the 6-digit mark; if it doesn't hold, it may continue to test lower levels, examining the support at the 90k integer level. So, will December follow the previous routine of pulling back and then surging, or will it be a complete washout? What will happen to altcoins? Don’t forget to like, follow, and save, and feel free to come back at the end of the month to verify.

First, looking at Bitcoin's current market cap share, there may still be some room for a pullback below, which also indicates a certain room for altcoins to rally, after all, as Bitcoin's market cap share decreases, altcoins' market cap will correspondingly increase.

Secondly, various data for December and global news have been released, including ADP, non-farm payrolls, CPI, interest rate decisions, and also the previously mentioned Microsoft giant will decide whether to treat Bitcoin as a reserve asset for the company at the beginning of this month. If approved, this will undoubtedly increase buying power, but at the same time, market volatility will also intensify. Regardless of how it goes, this bull market is progressing step by step according to levels and stages, from Bitcoin to the second largest $ETH, from the second largest to mainstream and then to the established sub-mainstream, just like Ripple $XRP, which was suggested for layout around 1.3.

Currently, with a strong rebound from the second largest, some altcoins have also increased in value, so a slight adjustment is normal, indicating that the real big bull in altcoins is brewing. A moderate pullback will not affect the overall trend of the upcoming bull market; instead, it represents an opportunity for small investors like us.

Returning to today's daily $BTC market analysis: From the K-line perspective, the 1-hour level is down, the 4-hour level is down, the 12-hour level is slightly down, and the daily level is weakly range-bound. The intraday resistance level is at 98100, and the support level is at 93300 USD.