❗❗❗BTC Market Outlook: Downward Momentum, Rebound Expected

Early on December 30, let me share something with everyone. Yesterday, we predicted that BTC would slightly drop and retest $93,000, and it indeed came true. Last week, the overseas market was quiet due to Christmas, but this week everyone is back to work, and the market is bound to be turbulent again, with greater fluctuations on the way.

Currently, the situation is not easy. The yield on the 10-year U.S. Treasury is rising steadily, already hovering at a seven-month high; the U.S. dollar index is even more aggressive, climbing for four consecutive weeks, firmly standing above the critical level of 108. These two “big players” are putting considerable pressure on BTC.

However, on-chain data reveals something interesting. In the past couple of days, the BTC supply on the Binance platform has decreased, with a mysterious address pouring in $250 million to buy 2,400 BTC, bringing the supply back to the level of December 25. What does this indicate? Some funds have quietly positioned themselves.

As the old saying goes, "extreme situations lead to opposite outcomes," so now we wait for a turning point. As long as U.S. Treasury yields and the dollar index experience a pullback, and BTC trading volume is sufficient, along with continuous inflow of ETF funds, it’s not a dream for BTC to return to the $100,000 mark. By then, altcoins could also benefit, with many altcoins possibly seeing gains of over 20%.

Right now, the market is filled with buzz around topics like "When will Cow pump?" and "When will Trump's wallet buy coins?" Don't panic; the current decline is actually the market cleaning up leverage and shedding excess "burdens." Let’s be patient and wait for major news like Trump buying coins to break, and a new round of market activity may just begin.