The adjustment of Bitcoin at $BNB has ended, and a new round of bull market has restarted!!

The current pullback of Bitcoin does not require too much interpretation; a 5%-15% price drop during a bull market is healthy to complete pattern repair and liquidate long positions.

On the macro level, the 'new cabinet' formed by the elected President Trump holds a friendly stance towards the crypto market. The latest news shows that he has chosen cryptocurrency hedge fund manager Bensent as the Secretary of the Treasury, which means that the U.S. is one step closer to achieving a national strategic reserve of Bitcoin; the Chicago Board Options Exchange also announced the launch of the first cash-settled index options related to Bitcoin's spot price on December 2 (next Monday). Such news is undoubtedly a booster for Bitcoin's prospects.