Even after this second test of Bitcoin is completed and a rebound occurs, it will only be a short-term rebound, and excessive optimism is not advisable.

Current market conditions are:

1. There are a large number of trapped positions between 100,000 and 103,000 above;

2. The liquidity situation remains pessimistic, and today's increase in USDT supply is only a slight improvement, insufficient to reverse the trend;

3. US buying continues to show weakness, and may improve after Christmas;

Therefore, the height of the rebound may not break through the high of 99,540 on Saturday, and the likelihood of continuing to decline after the rebound is relatively high.

It is worth noting that the current Bitcoin STH RP is around 85,600, and due to recent market corrections, the upward speed is getting slower. Assuming that after two weeks of decline, it rebounds to position, the STH RP should be below 87,000 at that time.

I have mentioned before that this correction is likely to find support at the STH RP.

Therefore, the possibility of breaking below the 90,000 mark subsequently and finding support at support level 2 has increased significantly. #比特币战略储备 #萨尔瓦多将“加速”增持BTC #本周微策略是否继续增持BTC？ #比特币市场波动观察 #币安Alpha项目公布