To be honest, don't expect a sudden reversal for BTC in December. Realistically, as long as it doesn't keep crashing or drop too deep, and there's a small rebound after an oversell, that's already not bad.

Market recovery takes time. The technical side needs to break through key resistance levels first, and the data has to genuinely improve. There's no rush to talk about the return of a bull market until then.

Three sets of data just came out: weak employment, cooling inflation, and a relatively stable economy. In other words—the unemployment rate is a bit concerning, price pressures are easing, and the overall economy hasn't collapsed. This data continues to support expectations for a rate cut in December, and future monetary policy is likely to stay loose.

For risk assets, this is a positive macro signal. But don't get too excited—there are also hidden risks and warning signs in the economic data, so stay cautious.