Bitcoin's recent trend has shown significant fluctuations. Here is its recent situation:

Recent Price Trends

- On December 16, during the Asian market's early trading, Bitcoin's price surged again, reaching a historic high of $106,495.

- On December 20, Bitcoin's price dropped sharply, and as of 18:25 Beijing time, the decline expanded to 7.5%, falling below $94,500.

- On the evening of December 21, Bitcoin's price against the US dollar on the Binance trading platform was $97,524, with a 24-hour increase of 0.46%.

- On December 22, according to analyst Liang Qiu's analysis, Bitcoin's price surged to a maximum of $99,500 in the early session but then faced downward pressure. The overall volatility was significant, and it was suggested to enter long positions around $96,400 to $97,000, targeting near $99,500.

Influencing Factors

- Policy Factors: Federal Reserve Chairman Powell stated that the Fed is not allowed to hold Bitcoin, among other related remarks, which led to a decline in Bitcoin and an increase in market hedging demand.

- Market Factors: Since the U.S. election on November 5, Bitcoin's price has risen over 45%, but subsequently, profit-taking sentiments emerged in the market, leading to a price correction.

- Technical Factors: From a technical perspective, after a significant rise, Bitcoin's price faces certain correction pressure, and some key support and resistance levels affect its short-term trend.