📉 December "Black Opening"! BTC and ETH plunged over 5% in three hours, with a series of sudden global news impacting the market.

The crypto market was hit hard right at the start of December.
Bitcoin, Ethereum and other mainstream coins all fall over 5%.
Market sentiment instantly shifted from "The December market is about to take off" to "What's going on today again"😮

💨This wave of fall was mainly "shot down" by three major global news.
① The Bank of Japan suddenly adopts a hawkish stance
Bank Governor Ueda Kazuo stated:
👉 If the economy and prices perform as expected, Japan will continue to raise interest rates.
As a result, the Asia-Pacific stock market collectively plunged in the morning session, with risk assets coming under pressure, and cryptocurrencies directly affected.
② Powell wants to "resign"?
The overseas market is crazy about the "little essay".
Rumor has it that Powell may hold an emergency meeting at 7 PM on Monday to announce his resignation.
Although the news has not been confirmed, it has shaken the market's expectations for the Federal Reserve's policy path, triggering a rise in risk aversion.
③ The People's Bank of China reiterates: activities related to virtual currencies are all illegal financial activities.
On November 28, the central bank meeting emphasized: virtual currencies do not have the status of legal tender, and stablecoins also fall under virtual currencies, involving risks such as money laundering, fraud, and violations of cross-border fund regulations.
This exerts a significant pressure on market sentiment in Asia.
🧭 How to interpret?
This is not a bull market reversal, but rather a combination of global macro sudden punches and emotional fluctuations in the news.
Although the market is painful, the structure hasn't broken down. Watching more and acting less, while avoiding chasing highs and selling lows, remains the main strategy for December. Do you think this round of decline is a short-term "wash for better health," or are there still pitfalls by the end of the year? Feel free to leave a comment for discussion 👇