$BTC

The market is relatively sluggish, still due to the holidays resulting in poor liquidity. It seems we need a wave of strong buying to lift the sentiment.

Additionally, many people say Bitcoin won't hold at 90,000. Let's take a look at the Bitcoin clearing chart for the 30th; it will clear shorts at 106,300 with 3.7 billion, and if it drops below 83,000, it will clear 1.5 billion in longs. Although the current prices are quite close to 83,000, I personally believe it is unlikely to drop below 90,000.

Currently, most holders of Bitcoin are institutions and large investors, while we retail investors are very few. If it drops below 90,000 and causes panic selling, they will incur losses. Right now, it can only be washed out through long-term fluctuations. When it can no longer be shaken out, that will mark the beginning of Bitcoin breaking through 10,000, or even reaching 12,000 to 15,000.