The panic last week mainly stemmed from Powell's hawkish remarks.

Powell's comments and the latest dot plot indicate that the rate cut range may be adjusted down next year, leading to a wave of panic selling in the market. Looking ahead, there isn't much important data this week, especially since these two days are also Christmas, and Americans will be on holiday.

The chart below, Chart 1, shows the price fluctuations of Bitcoin before and after Christmas. Generally speaking, based on historical data, the market tends to rise after Christmas. Moreover, according to Chart 2 from Coinglass, Bitcoin's quarterly return rate is usually quite good in the fourth quarter, so I believe everyone can look forward to it. #比特币市场波动观察