[Trader Nachi: Bitcoin's Weak Trend, Market Recovery Unlikely Before Year-End]
Crypto trader Nachi stated that although Bitcoin briefly rebounded after falling below the critical $100,000 price level, it has once again lost its core range, with the overall trend still appearing weak. He pointed out that the U.S. stock market has weakened due to the decline in December rate cut expectations and the postponement of a government shutdown, with investors leaning toward year-end profit-taking. Nachi mentioned that while crypto assets face downside risks, the market has already undergone significant corrections, leaving limited room for short positions. Meanwhile, crypto-related stocks like Coinbase and Robinhood may see further declines. He advised investors who are not skilled at shorting to increase their cash positions and wait for better entry opportunities, predicting that the crypto market is unlikely to see a significant recovery before the end of the year.