Greed, extreme greed, yesterday the panic and greed index reached a high of 90 again, now it is 83. This number occurred once in March this year when Bitcoin peaked. If the market replicates that time, it may sharply decline, liquidating long positions, which we must guard against. Moreover, since Bitcoin broke through the temporary historical high of 93, it has been fluctuating at a high level for a week.

We have now reached a stage of extreme tug-of-war, unable to go up or down. So what should we do next? Let's have a good talk about it today, remember to like, follow, and save. The reason it has not dropped may be because the emotions brought by the elections have not completely dissipated, and Trump has been making friendly contacts with the crypto space recently. However, before he officially takes office, most of the market movements are driven by the flow of funds within the market, so currently, the space for continued upward movement is not very large.

So what situation would allow for continued upward movement? Next year, when that man officially takes office and brings a series of favorable policies for the crypto space, coupled with a neutral interest rate like a reduction to around 3-3.5, and releasing a large amount of liquidity, then external funds will truly enter the market. At that time, it could potentially push to six figures, around 150,000. As for the present, continuously pushing hard is not very healthy; a proper pullback is also a necessary part of the market.

Returning to today’s market analysis of 53666309970, from the K-line perspective, the 1-hour level is down, the 4-hour level is down, the 12-hour level is flat, and the daily level is flat. The intraday resistance level is 94,000, and the support level is 90,000 USD.