Market conditions change rapidly, and trading is all about the present. Sing whatever song corresponds to the mountain you are on. Bitcoin's price has once again seen an increase, approaching the height of one hundred thousand dollars. The previous article has already made it very clear that Bitcoin continues to move in a sideways trend amid this fluctuating market, which is a substitute for a downward trend. It is evident that this Christmas, Bitcoin has not shown much change, oscillating between ninety thousand and one hundred thousand dollars. The upper high point is at one hundred thousand and six thousand, while the lower low point is at ninety-two thousand as a support point. It is now clear that its repeated oscillation at this position is certain. On the daily chart, it directly pierced the zero axis downward, a very dangerous move. Looking at past market trends, last Christmas also saw this kind of fluctuating market. Generally, every year, without exception, it oscillates downward or remains flat. After Christmas, the market usually sees a breakout, and this year is likely to follow the same pattern. Therefore, after witnessing so many of these market situations, it seems a bit monotonous and tedious.

Let’s boldly speculate that after the holiday, from January to February, Bitcoin will see another increase, even breaking through the levels of 120,000 to 130,000 dollars. So, don’t be surprised when that happens because the distance to the upper resistance is only about 30% increase, which is not too much, right? Bitcoin spot ETF has been on holiday with no fluctuations, but the exchange wallet balances have increased, indicating that some people are selling off a portion of their Bitcoin. From the liquidation chart, the daily support point remains at ninety-seven thousand dollars, while the upper resistance point is at one hundred thousand dollars, with a strong likelihood of touching the high point of one hundred thousand dollars within seven days. The daily BGB is too crazy, directly breaking through 5.8 dollars, and the price continues to rise. This cryptocurrency is extremely volatile, and its market capitalization has reached 23, increasing more than nine times this year, while the price continues to rise. Therefore, I advise not to chase this cryptocurrency; it’s time to switch your holdings when needed. Alright, that’s all for today.