How to view the market trend during Christmas?

Although Bitcoin has not fallen as sharply, it still hasn't stabilized completely, with prices slowly declining. Currently, the market sentiment is not as panic-stricken, sell orders have decreased, and today’s greed index has dropped from over 90 to 73. While it still indicates greed, there is a bit more calmness.

It is wise to take some precautions at this position; if Bitcoin suddenly experiences a sharp drop, altcoins might also be affected.

Personally, I believe this round of market washout has not reached the expectations of the whales, giving the market too much time for entry. If BTC attempts to challenge around 98,000 again, caution is advised—it could either lead to a sharp decline or a significant reversal.

Today's focus summary:

BTC dynamics: Daily chart has not yet bottomed, and the 4-hour chart is still in a consolidation phase.

Options event: On December 27, the largest bond redemption in history will occur, potentially triggering significant volatility.

ZEN strength: Grayscale Fund has increased its holdings of ZEN for the third time; pay attention to this.

Trump family's DeFi layout: They have concentrated their purchases in ETH1, AAVE, LINK, and ENA; consider this as a reference for allocation.

Whale activities: Bottom fishing at 30,795, suitable for allocation.

FXS positive news: Collaboration with BlackRock may drive price increases.

ENA whale operation: Bottom fishing 9 million coins and staking; suggested for low-price allocation.