The BTC has almost reached the end of its fall, and all the unfavourable information has been released. The market is now stagnant with no movement—there needs to be a decent pump to restore everyone's confidence in the market!

The issue of whether the Federal Reserve will cut interest rates will likely lead to greater divergence later on, and BTC is stuck in the middle, making it difficult to maneuver; there isn't much room for a rise in the short term. Although the technical indicators look quite bearish, this situation is actually a bit dangerous—I'm very familiar with it! It's just like when it hit a new high in early October, it consolidated for a month before the real trend emerged!

In the next month or two, there is likely to be a major reversal, so we need to prepare in advance. Although buying long now seems counter-trend, market sentiment no longer supports chasing after short positions. If you are not brave enough to buy long, it's fine to wait and see, but definitely don't follow the crowd to short; it’s better to buy some spot and hold on, patiently waiting for a rise. There’s no need to panic, and don’t let those messy analysis articles online mislead you!

As for whether it is a bear market now, in my opinion: don't be greedy and fear heights when hitting new highs, and don't follow the trend to sell during a market slump, just keep pace like this. A real bear market is a long winter, at least it takes half a year to start, and now it's at most the autumn before the cold winter, there is still one last wave of the bull market that hasn't finished!

In December, I expect BTC to reach 110,000 and ETH to reach 3,700. Currently, BTC is around 91,300 and ETH is around 3,010!

This is just my overall judgment, for reference only.