There are many speculations about the current trend of the encryption market during this avalanche. Some say that China is preparing to regulate, which comes from a comment by Xinhua News Agency reporter Su Liang on December 6th, titled 'Behind the 'BTC Surge': U.S. Financial Ecology and Risks'. Some say that recently, the State Administration for Market Regulation launched an investigation against NVIDIA Corporation for suspected violation of the Anti-Monopoly Law of the People's Republic of China and the Announcement on the Anti-Monopoly Review Decision of the State Administration for Market Regulation on the Acquisition of the Equity of Mellanox Technologies, Ltd. by NVIDIA Corporation with Additional Restrictive Conditions (Announcement of the State Administration for Market Regulation [2020] No. 16). Some say that the U.S. CPI data will be released soon and the Federal Reserve will stop cutting interest rates in December. Some experts using Candlestick theory claim that the bull market has ended and BTC104597 has become a historical top. However, I believe that the pullback of the overall market this time is a normal Whipsaw after BTC broke through $100,000. After this Depth Whipsaw, the encryption market zones will be reshuffled, and new popular zones may emerge at any time.

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BTC market data. Looking at the intraday chart, it fell continuously since early yesterday morning, and reached a low of 94111 before quickly rising to 98200. After falling again to 94843, it continued to rebound. It is important to adjust in time when the situation is not right. Currently, it is oscillating near 97500. I never go short when it falls, and go long when it rises. I still follow my own strategy. Intraday, we still follow the 96500 level to look for a rise. Before the US market opens, we pay attention to the breaking situation at 98200. If it doesn't break, we will consider short order. If there is an opportunity below, we will go long.
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The fall this time is not significant, but it has hit the psychology of retail investors. Many people got out of positions today, especially those who have been holding altcoins that have not risen and new altcoins. When investing, you should have your own logic and not be overly concerned with market fluctuations. You should also balance your mentality. It is useless to be anxious about others making money. You need to find your own way and control your Position. There will be rise and fall in the market. You should know how to adjust your Position appropriately. Recently, the wide-ranging jittery market has confused many people and made them lose confidence. At such times, you should remain calm and not make wrong decisions! #市场回调，抄底还是观望？