The price of the pancake has rapidly rebounded to 99,500, with a strong rebound within one hour briefly testing the 95,500 support before directly showing a V-shaped reversal and breaking upwards.

The current key support levels are 97,800 and 95,500. After an extreme leverage washout, the overall market price has at least returned to the level of the day before yesterday, and some strong cryptocurrencies have even approached previous highs.

Although prices have recovered, many investors have significantly reduced their positions. Reports indicate that the scale of liquidations this time ranks third in December, showing the market's extreme volatility. December's "Christmas crisis" is indeed unforgettable.

From a timing perspective, the market has completed a bottom rebound between December 19 and 23, which is in line with expectations. Although I anticipated a downward adjustment, the severity of this decline was still unexpected, underestimating the market and the response from whales, for which I have great respect.

Currently, the risk of continuing to adjust and breaking below previous lows has significantly decreased, so it is advised that investors enter the spot market on dips and not to panic excessively. $BTC $ETH #加密市场反弹 #PCE通胀降温 #比特币市场波动观察 #萨尔瓦多增持BTC #灰度SUI信托基金