Tonight is Christmas Eve, and the US stock market announced its closure three hours early, followed by a full day off tomorrow for Christmas! Over the years, it seems to have become a rule that the stock market declines during the Christmas period, and this time is no exception, as Bitcoin has retraced from a high of 108,000 to around the 92,000 range!

This could be interpreted as major players taking profits before the holiday, preparing to enjoy the festive season, hence the need to sell off to lock in gains, which subsequently triggered a price decline! Without the disturbances from the US stock market, Bitcoin's volatility may stabilize, so today is likely to remain predominantly in a fluctuating trend! Additionally, the lack of institutional inflow will highlight the issue of insufficient market liquidity!

In fact, the rebound at 92,500 has not occurred as I hoped, and its strength appears relatively weak, with multiple attempts to break above 96,500 failing to succeed.

Therefore, in the short term, it is bearish near the 96,000-96,500 range, while support is around the 92,500-92,800 range.

After the Christmas holiday, the overall trend remains positive, and it is expected that January will see a significant market movement!#币安Alpha公布第5批项目 #币安LaunchpoolBIO