1. $BTC staged a major reversal, first dropping to 91,500, then rebounding to above 94,000. From the current situation, 90,000 is a strong support level, and the likelihood of breaking below it in the short term is very low.
$BTC's upward rebound levels are 95,000 and 96,000, while between 90,000 and 94,000, there are $1.7 billion in long positions, so it is highly likely to oscillate between 91,000 and 96,000.
There is one last working day in 2024, and the brand new year of 2025 is about to arrive. I still have confidence in $BTC's performance in the first quarter and its long-term future.
2. U.S. Treasury Secretary Yellen: The U.S. is expected to reach its debt ceiling between January 14 and 23, 2025, and may need to take "extraordinary measures" to avoid defaulting on federal government debt.
Raising the debt ceiling has historically been a negative signal for Bitcoin; in the past five such instances, Bitcoin has declined or performed poorly.
3. Always buying, with unlimited bullets, MicroStrategy has once again purchased 2,138 $BTC at an average price of $97,837.
Currently, MicroStrategy holds a total of 446,400 $BTC, with an average price of $62,428, accounting for 2.13% of the total Bitcoin supply.
MicroStrategy plans to refinance $42 billion over the next three years to purchase $BTC.