Getting ready for the first wave of the bulls' counterattack in 2026! Review: 1. On 10/11, Binance's massive liquidation event kicked off, becoming a turning point for market sentiment. Some institutions and whales sold off funds, leading to a trend reversal. 2. November continued the downward trend. The Fed's rate cut triggered mid-term bulls to take profits, with noticeable ETF sell-offs. Phase-based sell-offs ended by late November. 3. December saw light trading days in the Western world (Christmas season). ETFs continued to sell off, but the entire month of December remained in consolidation. The phase-based selling pressure caused by earlier bearish and bullish events had already been exhausted. 4. Those who needed to exit have exited, and funds that needed a break have rested. Once the holidays are over, funds will gradually flow back into the market. 5. On the technical side, the second test did not break below $84,000, making it highly likely to switch to a larger-scale rebound cycle. The rebound target is $94,000–$100,000. The market has entered a high-volatility phase. "Buy low, sell high" is the main theme. But, where's the high, and where's the low? That’s up to your skills～ btc