The end of good news is always a good echo! The news may have been digested in advance, and the market started to decline after the announcement of the news. This is also a timely reminder; aggressive friends have already secured their gains. For the short-term market, the ups and downs have not yet broken the lower space and are gradually compressing. For those who are bearish, it is recommended not to enter the market; for those who are bullish, you can operate with a small position. The short-term market is changing in real-time; everything is subject to actual trading.

Hello everyone, I am Dashan, focusing on the analysis of mainstream coin trends, with daily market updates. In the crypto world, when someone is laughing, someone else will be crying. I hope everyone is among the former!

BTC:
Bitcoin is also declining as expected. The post we shared last night already mentioned that a retreat might occur. Now, you still have to believe that Bitcoin will continue to fluctuate within the range. I don’t recommend anyone to expect rapid increases or decreases. This range of fluctuations may last quite a while. I mentioned a few days ago that it is very likely to continue fluctuating throughout the second half of December. We actually hope that it will decline steadily into early 2025, and then we can consider significant fluctuations based on the overall trend line. Don't ask for reasons; this position looks bearish. This is just my personal understanding of the market sentiment. Currently, this is a standard slowdown of bullish momentum, and there are some signs of movement. I also reminded everyone yesterday. The chart given is very clear, and it seems to have been validated. Now, we will see if it can continue. Regarding the understanding of market sentiment, I suggest that investors with more than five years of trading experience consider this; otherwise, there is no need to say anything about market sentiment. Just entering the market based on your feelings can be quite mysterious and unreliable. However, sometimes I can tell you some positions, and you will know after testing them. Currently, there isn’t much more to say. I just feel that it is always in a state of fluctuation. Don’t think that the market is fluctuating so much; isn’t it just a small drop? This is actually just standing still. If you broaden your perspective, it is just within a range, with no changes. Looking at the weekly chart, it is still in a doji state, so let’s broaden the scale of the pattern.