#市场反弹迹象 12.25 Market Overview:

$BTC is closely following the resistance line within a converging triangle, always wanting to break through but unable to. Although the liquidity of Bitcoin has decreased, there was still a surprise on Christmas Eve yesterday; this year’s Christmas saw Bitcoin increase by double compared to last year. On Christmas 2020, Bitcoin was $24,665, in 2021 it was $50,430, in 2022 it was $16,831, in 2023 it is $43,665, and in 2024 it is expected to be $98,200, a more than double increase.

Looking back at the past three cycles, Bitcoin's average duration from the first peak to the last historical high is 318 days. Bitcoin reached a new high of $73,777 on March 13. If this duration repeats, Bitcoin is expected to reach a new peak around January 17, 2025, which is also three days before Trump's presidential inauguration, aligning with expectations and worth looking forward to.

Bitcoin ETF had a net outflow of 3,570 yesterday, with BlackRock and Fidelity both experiencing outflows. This marks the fourth consecutive day of net outflows for ETFs; there was $250 million liquidated across the entire network in 24 hours, with long positions at $104.8 million and short positions at $148.7 million, both experiencing liquidations. Currently, long positions with high leverage are concentrated around $97K-$97.2K, while short positions are around $99.1K-$99.4K.

The above information is for market analysis only and should not be used as trading advice; follow me to stay updated, as I provide you with the latest news and point analysis every day, along with the wealth codes you want. Don’t forget to follow and like!