To summarize recent market views: On December 1, due to negative news (Japan's interest rate hike + MicroStrategy's potential future coin sales for survival), BTC plummeted, triggering another wave of panic selling across the entire market. At that time, the Wave Legend subscription group provided a live market analysis with a clear view: this drop was a washout orchestrated by market makers using negative news to shake out weak hands and prepare for the next phase. Subsequent market movements confirmed this judgment—the market bottomed out, and then the main players swiftly pushed prices back up, forcing a short squeeze and achieving new highs.

The market peaked at 126,000, marking the end of the bull market. After bottoming out at 80,600, the first wave of the bear market ended, and a major B-wave rebound began. However, market participants were unclear about the nature of this rebound and kept speculating about it. Among all, only Wave Legend firmly identified this rebound as a major B-wave rebound (on the 4H, daily, and weekly chart levels). Judging by market performance, this perspective is being gradually validated.

How the nature of the trend is defined not only affects the rebound’s space, but also its time cycle and structure. Once a market trend is established, any positive or negative news can only accelerate or decelerate the trend—it will not change its direction.

This round of the market bottoming and launching was led by institutional players, not retail investors trying to catch the bottom. After the 80,600 bottom, retail investors were too scared to re-enter and buy the dip. Therefore, the rapid rebound after the crash on the 1st further confirms this view.

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