Bitcoin is currently mainly experiencing fluctuations. Altcoins have shown some rebound, but the strength is not strong. Personally, I feel that the overall market situation is still not very optimistic.

I think this wave of fluctuations may last quite a while, for two reasons.

Firstly, Christmas is coming soon in the West, and we will also start celebrating the New Year. At the end of the year, everyone is busy taking holidays and spending time with family, so they won't put too much thought into trading.

Secondly, this year the Federal Reserve has only injected liquidity twice, and it is still uncertain whether they will do so in December.

Moreover, neither the external environment nor the market's own fundamentals have completely improved at present.

So now everyone is quite conflicted about whether it's a bull market or a bear market, with differing opinions.

In my opinion, in order to wait for the market to truly improve, we first need to digest all these negative factors, and then the effects of the easing will slowly become apparent.

The market has been down for 4 consecutive weeks, and it really needs to rebound. However, the current rebound is still relatively weak. In the medium to long term, the market needs more time to find its bottom. The next decent market is expected to wait until the first quarter of next year.