Last night, the big cake arrived as scheduled, clearly mentioning that if 90,000 is not broken, we can still buy, with a target looking towards 92,000. The big cake has reached the stop-loss of 2,000 points as expected, and afterwards, it failed to effectively break through, leading to a short sell opportunity. Both waves were perfectly captured.

Currently, the market is overly fearful, and December might be a turning point. If the Federal Reserve cuts interest rates, it could become a catalyst for an increase; on-chain data shows that selling pressure may have weakened; during the day, pay attention to the 89,000-89,500 range, as breaking below might further decline, but if it does not effectively break through, we can still buy, keeping an eye on the 92,000-92,500 range.