$BTC has returned to a strong support zone and quickly bounced back, so it is quite difficult to expect a reversal test again.
Regarding the current market, it is very pessimistic after Altcoins have tested the support area from a few months ago.
Furthermore, there is quite an important piece of news tonight regarding the CPI reflecting the level of inflation, which in turn affects interest rates.
But everyone is forgetting one thing: interest rates in the US affect the whole world, and on the other side of the globe, China has been increasing the supply of goods, which is a sign that the money printed has found a place to balance.
The sentiment is very pessimistic in the periods leading up to the Lunar New Year; it's uncertain whether to cut losses and celebrate the New Year or to get through this difficult phase?