The first day of December gave a slap in the face! Bitcoin experienced a big dump of nearly 7000 points in a single day, and the little bit of go long confidence that was just built up last week was instantly shattered.

Do you remember the rebound after hitting 80,000 last month? At that time, many people thought the turning point had arrived. But now, looking at it, December is a crucial point - I mentioned at the beginning of the month that if the range of 90,000 to 80,000 by the end of the year is lost, next year will basically be dominated by a bear market. Those still fantasizing about the continuation of a bull market may really need to reassess the market.

That said, bull and bear markets are only clear in hindsight. The bull market has indeed gone far, but the bear market actually hides more opportunities to buy low—only when prices fall deep can you pick up cheap chips. Adjust your mindset; there is still a long way to go.