Many friends are confused about the market trend after the new high of $BTC this morning. I will analyze the future trend and give suggestions from multiple aspects:

1. This morning, Bitcoin surged to 106,600, which happened in the early morning of Asia time. I hope it can set a new high during US time. The good news is that MSTR has been included in the QQQ index, and the new FASB regulations have also come into effect. Next, we need to wait for the US stock market to open tonight to see how the market reacts to these good news and the new high of Bitcoin. I hope ETFs will buy heavily and prevent Bitcoin from falling, keeping market sentiment high. Another major event this week is the Federal Reserve's interest rate meeting, where a 25 basis point cut is almost a certainty; it just depends on what Chairman Powell says, which may affect market sentiment. Japan is unlikely to raise interest rates this month. Therefore, the market trend in the next few days is particularly critical, especially with Christmas approaching.

2. Speaking of Christmas, if the US stock market opens this week and $BTC and $ETH continue to rise, altcoins may still have a chance. But if Bitcoin and Ethereum don't perform well, altcoins could be in trouble, especially next week during Christmas. I'm not saying it will fall; it's just that the US stock market is closed during the Christmas period, and Bitcoin, without market makers, may be affected. If Bitcoin falls, altcoins may also struggle. This sentiment may persist until after New Year's Day. Therefore, everyone needs to decide their positions well, how to hold, and how to maximize profits.

3. However, one thing is certain: Christmas will not affect the overall trend. After New Year's Day, with the formal inauguration of the new SEC chairman, the market will definitely rise. As long as there are no issues like economic recession or unemployment rate, the market in January-February 2025 can be expected. By then, if we want altcoins to rise several times like at the beginning of this year, Bitcoin needs to maintain FOMO sentiment, especially Ethereum needs to exert strength.

(Simply put, you now have to choose whether to ignore Christmas or keep some cash to buy the dip around Christmas; this decision is up to you.)

4. Finally, let's talk about Bitcoin's support. Whether from the K-line chart or the on-chain URPD data, there is good support above 94,500. Of course, especially during the Christmas period, market sentiment is still key.