The next market is undoubtedly a bear market. Referring to the 2022 bear market, it is a complete copy-paste. The rebound was suppressed at the 365-day moving average, trapping some traders with false signals for a wave of profit-taking. Just as negative news came out, the market was pushed down with the trend, all with bloodied chips. The price has been falling all the way, and those trapped at the peak are about to be wiped out. It's almost the end of the year, and once the market stabilizes in consolidation, a new round of rally can begin.

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