The market in December is really not simple.

On one side, the Federal Reserve has released expectations for interest rate cuts, providing a bit of 'warmth'.

Eastern Standard Time (Beijing time) is 03:00 on December 11.

On the other side, Japan suddenly shifted to expectations of interest rate hikes, bringing a cold wind directly to the market.

December 18, 10:45-12:00 (Eastern Standard Time).

The most critical thing is

BTC funds have been flowing out during this time,

You just need to watch the funds to see that confidence has not returned, and the sentiment is still leaning bearish.

The market is not driven by news, but by the flow of funds.

The real direction has never been in the news, but in liquidity.