The market analysis attributes current bearish trends to macroeconomic fundamentals and recent news events. Despite positive signs in US liquidity, such as the absence of repo operations and a decrease in SOFR spreads, overall market uncertainty remains elevated. The Volatility Index (VIX) has surged to its highest levels since mid-October, reflecting this sentiment. Key concerns include the Federal Reserve's interest rate policy for December, with increasing probabilities of no rate cut, influenced by recent hawkish statements from Fed members and persistent inflation. Furthermore, recent economic data showing a higher-than-expected unemployment rate and lower-than-anticipated jobless claims have intensified market fear. For Bitcoin, despite the negative macro environment, a local bottom around $85,000-$87,000 is anticipated, with a potential short-term rally towards $100,000, contingent on fundamental improvements. Ethereum is positioned at a significant support level of $2,800, with an expected push lower to $2,680 before a potential bounce. XRP is identified as an attractive long-term accumulation asset at $2.00, with primary support at $1.96. Specific altcoins are also highlighted: ASTER as potentially interesting if it drops to $1.10, Uniswap (UNI) at $6.20-$6.30 for accumulation, and Numeraire (NMR) as a project with strong funding and updates, capable of rallying to $15 if it maintains support at $11.50-$12.00. The current market downturn is viewed as an overreaction, with expectations for key support levels to hold and facilitate a market recovery.