Weekend Market Overview for December 29

The large Bitcoin closed this morning with a small bullish candle

Bitcoin completed a false breakout at 4 AM, breaking through the resistance line and then starting to pull back, continuing to oscillate within a narrow range

Currently, the market is desolate and quiet, everything will return to its usual heat after New Year's Day. Additionally, the $16 billion repayment from FTX will also start on January 3, 2025, and funds will flow back into the crypto sector. Overall, the future market trend looks stable and upward

BlackRock currently holds 55,255 BTC, which is 2.67 times Grayscale's holdings; MicroStrategy is also one of the largest publicly traded companies holding Bitcoin, and these major institutions continue to increase their Bitcoin positions, clearly optimistic about the crypto market in 2025.

The above information is for market analysis only and should not be used as trading advice; follow me to stay updated as I provide you with the latest news and market analysis every day, along with the wealth codes you desire. Remember to like and follow me!