The market is indeed panicking, having risen more than 7000 dollars, with sentiment only rebounding from 10 to 12. I hope that in the next month, it will oscillate widely between just over 80k and 98k, similar to the first major rebound in 2014, 2018, and 2022.

When it broke below 90,000, I started to see a bear market, but I still maintain an open attitude about whether there will be a market next year. Because the decline that started from 126,000 could be the 4th wave of a super cycle (2022 was the 2nd wave of the super cycle) or it could be the 3-2 wave of a super cycle (1.5-126,000 is the 1st wave of the super cycle). If it is the former, it could rebound to a maximum of 100,000 within 2 months before starting to decline again and create a new low. If it is the latter, it is best to oscillate long-term between 80,000 and 100,000 and maintain increasingly higher lows.

The current macro environment is indeed different from that of 2022, and we can only take it step by step. However, as long as there is no QE next year, even if Bitcoin really enters a super cycle 3-3 main upward wave towards 200,000, theoretically, the US tech stocks should rise even more. This is a bull market in the crypto space driven by tech stocks. This is my medium to long-term view at the moment.