"Hot" list. Good morning, I was on a business trip yesterday and have some free time this morning, so let's briefly discuss the market situation (yesterday, due to issues with images and text, my post didn't get approved, so I'll just summarize some personal opinions briefly).

As expected, the market did not break through 100,000 all at once, leaving room for the events in December. The next market trend will likely see significant volatility for BTC, with a large range between 88,000 and 98,000. However, a retreat of over 20% is unlikely, and the most extreme temporary bottom is around 87,000 to 88,000.
2. The main driving force of this pullback is the dumping of ancient Address, plus the increase in fuel for the pullback clearing contract. BTC is above 90K, and there are very few retail investors who actually trade, and everyone knows that it is actually a game of left hand to right hand between institutions. The market will always move in the direction of the smallest resistance. Currently, from the perspective of Candlestick patterns, it is maintaining a healthy pump trend. Combined with today being Thanksgiving on Thursday, the US stock market will be closed for a day, and it will also close early on Friday. Therefore, the trend for the next few days is predicted to rebound to around 96K-97K and then continue to pull back, completing the BCH three-wave pullback at the 4-hour level. During this period, there should be significant fluctuations in the hourly Candlestick, washing out the unstable chips again, accumulating better momentum for the December push to 100,000 (historically, Thanksgiving often brings BTC discount activities).