The bull left, and the bull is back again. The smaller the K-line level you follow based on emotions, the more anxious you’ll feel, and the harder it is to make money. When the support line in the chart below was broken, many people were in the FUD camp, drawing lines on K-charts. But the trends we draw are all above the weekly level. It’s not about today’s drop or tomorrow’s rise making the K-line meaningless. We need to wait—wait for each weekly K-line to form, then combine it with macro, on-chain sentiment, and other perspectives before making judgments on Twitter. If you observe closely, it’s not hard to see that during the weekly-level pullbacks in 2024, there were also multiple instances of breaking below the trendline and then recovering. For now, at least, this chart still looks accurate. The market is already hinting at a 25 basis point rate cut in December, and it’s highly likely to happen. Bitcoin is stabilizing and seeing a small rebound as a result. However, I don’t think there will be a big rebound next month. After all, it’s the end of the year, and many Wall Street institutions will pause their activities to settle their accounts—it’s necessary. Also, looking at the monthly chart, the adjustment isn’t completely over yet. Bitcoin will likely drop to the 8k range again to shake out weak hands before a bullish monthly candle in February, which is the long-awaited New Year rally. To be honest, I’m really looking forward to Bitcoin dropping to 7k, because big opportunities always come from big drops. The harder Bitcoin falls, the more it suppresses MEME sentiment and valuations, which will create even greater room for growth in the next cycle. Next year will likely be extremely polarized. We’ll see Bitcoin at 100k, but we’ll also see Bitcoin starting with a 7. Protect your capital and patiently wait for wave after wave of opportunities.