12.1 Market Perspective: It's time to prepare for a bottom again.

The viewpoint on the 27th indicated that this wave's BTC peak would be between 9.2-9.4, and it peaked at 93,000. The weekend market is somewhat deceptive; the real fluctuations occur during regular business days. Interestingly, negative news regarding domestic crackdowns on virtual currencies was released first, yet the weekend Bitcoin did not crash. Instead, this morning, due to Japan's potential interest rate hike, risk assets plummeted from 9.1 to the current 8.5. This clearly shows that BTC's pricing power is no longer in the domestic market but is more influenced by economic policies from other major economies worldwide. Now that it has dropped, I won't chase short positions; I expect around 8.2 to be a short-term bottom (of course, if it breaks 8 to 7, that would be better). In fact, I am not bearish on the market in December; rather, I believe we will see a weekly-level rebound here. We just need to wait for a second low point to heavily invest and buy the dip.