Financial Battlefield Under the Trade War: Can BTC Become a Safe-Haven Artifact?
On Christmas Eve, U.S. stocks rose slightly, allowing retail investors to enjoy their holidays, but the trade war between the East and the U.S. has intensified economic pressures, increasing the risk of business closures, while financial investments and consumption continue to downgrade. BTC rebounded with reduced volume influenced by U.S. stocks, but the upward momentum has weakened, remaining in a consolidation and correction pattern. The upper pressure is around 99,000 at the four-hour level, with support at 95,555 and 92,723. It is advisable to operate cautiously, avoid heavily leveraged contracts, and wait for the indicators to truly recover before making moves. The current market situation is similar to December 2023, with a genuine rise expected in mid to late January. The correction has not yet ended, and it should retest the 30-day moving average around 88,000. This is the final opportunity to buy the dip in a bull market, and a potential one-sided rise may last for 1-2 months, with BTC prices between 120,000 and 150,000.
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