During the day, the estimated liquidity is likely to be lower than a typical weekend, and this situation should persist until the end of this week. Next week, liquidity will gradually return, so in the next few days, the price of BTC may still fluctuate around $95,000, with a possibility of increased fluctuation amplitude, but from a trend perspective, there has been no change.

More and more analysts are maintaining a rather pessimistic view for 2025, mainly due to the constraints on liquidity replenishment imposed by the Federal Reserve. The price of the dollar is currently at its highest point for 2023 and 2024, and is not far from the peak in 2022. It is possible that after the interest rate meeting in January, the dollar index could surge to 110.

Therefore, until the Federal Reserve changes its mind, the main driver of the cryptocurrency market will still rely on sentiment, and the biggest source of sentiment is the transition of power from Trump. The election is the first wave, the transition of power is the second wave, and the commitment to the cryptocurrency industry is the third wave. Right now, we are at the end of the first wave, so from a sentiment perspective, maintaining the current state is already good enough. Unless new positive information emerges, fluctuation is the most likely scenario.

Starting next week, it will be two weeks until the transition, and we should gradually see some clues. So the current waiting period is the most trying, as no one can predict the future. Saying you won't suffer losses may not necessarily be true, so right now it's all about the sentiment's PVP.