❗❗❗Bitcoin December 23 Market Analysis

I. Key On-Chain Data and Information

1. Long and Short Liquidation: If it falls below $95,000, the cumulative long liquidation intensity on major CEXs reaches $671 million; if it breaks above $100,000, the short liquidation intensity reaches $1.664 billion. There are unliquidated longs near 92205 and new longs being established during the decline, indicating that the main force seems to be cultivating longs, potentially aiming to hit the shorts above $100,000 after liquidation.

2. Federal Reserve Interest Rates: The probability of maintaining the current rate unchanged in January next year is 91.4%, with an 8.6% chance of a 25 basis point rate cut, which may affect the liquidity of funds in the BTC ecosystem.

3. RWA Tokenization: Increased over 60% to $13.5 billion (excluding stablecoins), gaining attention in multiple sectors, is a promising track.

4. Market Sentiment: The cryptocurrency Fear and Greed Index has dropped to 70 (weekly average 83), the lowest since December, the market may face a directional choice, with a high probability of an upward move from the low point.

5. Institutional Accumulation: Japanese company Metaplanet has increased its holdings by 619.7 BTC, bringing total holdings to 1,761.98 BTC, indicating a long-term bullish outlook from institutions.

II. Technical Analysis

The weekly chart shows upward fluctuations but is in an adjustment phase. On the 1-hour chart, pay attention to whether a bottom support level forms patterns like head and shoulders or W-bottom; if formed, it would be a buying point.

III. Multi-Faceted Analysis

Before Wall Street opens on January 5, maximum buying funds are restricted, and there are contract liquidations along with long positions being established at low levels. The market makers may leverage negative media news to liquidate these funds, intending for a dual explosion in both long and short positions.

IV. Operation Suggestions

1. Overall trend is upward; focus on increasing positions at bottom support levels.

2. A pullback near key resistance levels can be an opportunity to buy spot at a lower price; breaking through resistance levels can lead to holding or increasing spot positions.

3. Strictly control risks, set reasonable stop-loss levels, and avoid chasing highs or panic selling.#萨尔瓦多将“加速”增持BTC #灰度SUI信托基金 #圣诞行情分析 #本周微策略是否继续增持BTC？