The first day after Christmas just opened with a wave of unconditional decline. Of course, the US stock market also fell. In this regard, there is still some consistency; it's just that the US stock market's correction is slightly lower, and Bitcoin is a bit more. Under such liquidity conditions, it's understandable. Unconditional declines are often a reflection of investor sentiment. Currently, traditional investors are really not interested in cryptocurrencies.

One year ago today, although market sentiment was also poor, the main reason was the Federal Reserve's actions. Investors were still expecting whether Trump could come out to rescue the market. Now, a year later, besides the shadow of the Federal Reserve still lingering, Trump doesn't seem as interested in $BTC and cryptocurrencies anymore. He also has more headaches to deal with.

January is very likely to be the month when the Supreme Court makes a decision on Trump's tariffs. Removing tariffs may cause some short-term market turbulence, but in the long run, it reduces concerns about inflation rising. Then, the candidate for Federal Reserve Chair should be announced soon. Although everyone probably has an idea, the announcement should still help boost market sentiment slightly.

Looking at Bitcoin data, the turnover rate isn't high; compared to traditional working days, it's already low. This is the holiday effect. As of the time I posted this, $BTC 's price has already returned to around $87,000. It continues to fluctuate at this level, and I don't expect much change over the weekend. No surprises is the best outcome.

A few days ago, I mentioned that the latest bottoming might be restructured. Now it seems to be the case. It feels very likely that $83,000 to $88,000 will become the new bottoming range. However, investors with losses over $100,000 still hold a lot of chips, and there are no signs of panic yet. $BTC #加密市场小幅回暖