During the day, $BTC fell to 94500, and everyone was silent... Where is the bottom? Let's talk briefly with everyone:

First of all, this article is not a belief post, but an analysis of the dividends of emerging industries. We do not predict the future, but only focus on the current situation, combining macro and on-chain data to analyze the behavior of bankers and the opportunities of altcoins. This is not an investment advice.

First of all, from the candlestick chart and on-chain data, $BTC has strong support around 94,000-95,000. Although the price fell below 100,000 on December 5, it has been stable above 94,000 since then. Next, market sentiment and events will affect prices, especially negative and positive factors.

Tonight's PCE data and Bao's speech have shown that a rate cut in January is unlikely. How the market will interpret these data remains to be seen. The lack of liquidity over the weekend, followed by MSTR joining the Nasdaq 100 index, may boost market sentiment. $BTC is traded 24 hours a day, and there is no market maker, so market sentiment is particularly critical.

The addition of MSTR may boost market sentiment, and I hope this can keep the market stable during Christmas. If the sentiment is not good, the market may not perform well. We need to wait until after Christmas to observe the reaction of the US market. Next is the New Year's Day holiday.

Everyone should now have a general understanding of how BTC will move. The dealer smashes the market in order to make those who bought at high prices sell their coins quickly. But the harvest of BTC will definitely not be like the cottage industry, where people don't know how to cut their coins in half.

Recall that from last year to this year, BTC has been fluctuating between April and August, and then it began to really fall, with the purpose of getting short-term investors to sell. Since the end of October and November, BTC's upward trend has not ended, and there may be good news in the first few months of next year. So, although it seems that the price has fallen now, it is unlikely to fall very low all at once, unless there are major economic problems, but this is unlikely to happen.

Now BTC is fluctuating at a high level, waiting to see how it will move in the first quarter of next year. In short, the dealer will not end the game so quickly, they may raise the price again and then let you sell. Therefore, judging from the price of 94500, there is not much room for further decline.