Bitcoin Analysis:

The start of the New Year's week is unfavorable, and the historical pattern of a rebound for the American Santa Claus has not occurred. Bitcoin continues to decline, with moving averages shifting downwards; the daily moving averages are also starting to move down consistently, which is pulling the daily mid-line down. The daily MA7 is moving down, with short-term daily support around 90900.

If Bitcoin continues to decline, pay attention to the support situation around 3000 for Ethereum; this position is considered a good spot from both a technical perspective and in terms of buying volume activation.

Current situation: a reasonable correction, and there’s no need to be overly pessimistic. The market trend may continue to be grinding until this Wednesday, and liquidity will remain at a relatively low level. We are currently waiting for the market to provide feedback.