The current trend of the encryption market in this avalanche is widely speculated. Some say that China is preparing to regulate, which comes from a commentary by Xinhua News Agency reporter Su Liang on December 6, titled 'The U.S. Financial Ecology and Risks Behind the 'BTC Surge'.' It is said that recently, the State Administration for Market Regulation has initiated an investigation into NVIDIA Corporation for alleged violations of the 'Anti-Monopoly Law of the People's Republic of China' and the 'Announcement of the State Administration for Market Regulation on the Decision of the Anti-Monopoly Review of the Acquisition of Equity of Mellanox Technologies Ltd. by NVIDIA Corporation with Additional Restrictive Conditions' (Announcement of the State Administration for Market Regulation No. 16 of 2020). It is also said that the U.S. CPI data is about to be released, and the Federal Reserve will stop cutting interest rates in December. Some experts assert that the bull market has ended with BTC104597 becoming a historical peak based on the moving average Candlestick theory, but I believe that this pullback in the market is a normal Whipsaw after BTC broke through $100,000. However, after this Depth Whipsaw, the rotation of the encryption market zone will reshuffle, and new hot zones will emerge at any time.

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BTCmarket data intraday, yesterday morning has been falling, falling to a minimum of 94111 and then rising rapidly. After falling to the 94843 level again, it continued to rebound to 98200. If the situation is not right, it is necessary to adjust in time. Currently, it is fluctuating around 97500. I never go short just because it falls, or go long just because it rises. I still follow my own strategy. Intraday, we still follow the 96500 level to see the rise. Before the U.S. market opens, follow the situation of breaking through the 98200 level. If it doesn't break, consider layouting short order. If there is an opportunity below, just go long.
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This fall wave is not large, but it has a significant psychological impact on retail investors. Many people got out of positions today, especially those who have been holding altcoins and new altcoins that have not risen. When investing, you should have your own logic, not be swayed by market rise and fall, balance your mentality, and not be anxious to see others making money. You need to find your own way, control your position, and adjust it appropriately when the market rises and falls. In this recent volatile and fluctuating market, many people are confused and lose confidence. It is important to stay calm and avoid making wrong decisions at such times!