Only one day left until 2026. Bitcoin has been consolidating on the daily chart for over 40 days, and the market is about to face a directional decision.

From the current trend, many analysts tend to be bearish, but this bearish view needs to be understood in layers. There is indeed short-term downward pressure, but from a larger perspective, the potential decline is already quite limited. The current market looks more like a typical "bull tail"—the end of a bull market often features intense volatility and repeated fluctuations.

Interestingly, both retail investors and institutions are reluctant to accept a bear market. This psychological "reluctance" often drives the market to push higher again. In industry terms, the bull tail will also shake off—this is the last chance.

**The next three months are expected as follows**: the market is likely to see a rebound first. After the rebound, a significant decline may follow. If this rebound does not occur, then next year we might really face a bear cycle. Rather than passively waiting, it’s better to seize this last move on the bull tail, as it could be the final opportunity to get in this year.

**If there is a clear correction in the next three days**, it will be a good time to position in spot holdings. Here are some key levels to watch for bottom-fishing:

BTC: 85500, 82000
ETH: 2830, 2650
In mainstream altcoins, ADA at 0.3-0.25 and XRP at 1.6-1.8 are also attractive levels.

The overall framework has been laid out; now it depends on how the market verifies it. Stay tuned for further market developments and specific strategy updates.