Let's talk about the monthly performance of Bitcoin during the bear market.

First of all, if we look back at the monthly performance of Bitcoin in various bear markets, you'll find that only the last bear market did not see a consecutive four months of negative closing. Previous bear markets have all experienced consecutive four months of negative closing, and the 2018 bear market even had a consecutive six months of negative closing.

Secondly, the current trend of Bitcoin is influenced by various factors, including the potential negative impact of MicroStrategy possibly being kicked out of the MSCI index, the positive impact of the US core CPI being lower than expected leading to increased expectations for interest rate cuts, and the high likelihood of a Christmas rally in the US stock market. The decision on whether MSCI will remove MSTR will not be announced until January 15, so there is still some time left. Therefore, there is still a probability that Bitcoin will not close negatively this month and will continue to consolidate sideways for a while.