November 13, a key signal appeared on the Bitcoin monthly chart. BiyaPay analyst pointed out that the BTC monthly chart MACD has shown a death cross signal for the first time, which usually means that the market has entered the "early bear market" stage. Although the price is still above $100,000, from a technical perspective, the slowdown in the monthly trend is evident, with the candle breaking below the short-term moving average, the momentum bar consistently shrinking, indicating exhaustion in the uptrend.The analyst stated that it is currently more suitable to maintain a "bearish but not short" strategy. On the one hand, the early bear market often comes with repeated oscillations, and blindly going short can easily encounter a swift pullback. On the other hand, there are still policy and liquidity variables that have not been settled in the medium to long term, and there is a demand for periodic rebounds in the market.For investors, BiyaPay recommends strictly controlling positions, avoiding high-leverage operations; if participation is needed, you can diversify your portfolio on BiyaPay through USDT to trade US stocks, Hong Kong stocks, and futures, and use 0 fee cryptocurrency spot contracts to more flexibly manage risks.