12.29 Weekend Market Overview

$BTC Bitcoin closed this morning with a small bullish candle.

Bitcoin completed a false breakout at 4 AM, breaking the resistance line before starting to retreat and continue to oscillate within a narrow range.

Currently, the market is bleak and quiet; everything will return to its previous excitement after New Year's Day. Additionally, the $16 billion repayment from FTX will also start on January 3, 2025, which will lead to funds flowing 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 large institutions are continuously increasing their Bitcoin positions, clearly optimistic about the crypto market in 2025.

The above information is for market analysis purposes and should not be considered as trading advice; follow me to stay updated with the latest information and point analysis every day, as well as the wealth code you desire. Don't forget to like and follow!