The first trading day after Christmas, Bitcoin opened with a sharp decline, and the US stock market was not spared either, with a synchronized pullback that was quite consistent—though BTC's decline was relatively deeper. In the current environment of tight liquidity, this is understandable—sudden sharp drops often reflect the true market sentiment.

Honestly, traditional funds remain very indifferent towards cryptocurrencies. Looking back to this time a year ago, market sentiment was also poor, but back then it was mainly due to the pressure from Federal Reserve policies, and investors were still pondering whether a certain leader would step in to rescue the market. A year has passed, and although the shadow of the Federal Reserve hasn't completely disappeared, surprisingly, this leader's enthusiasm for Bitcoin and crypto assets doesn't seem as high as expected—after all, he has too many things to deal with.

On the technical side, watch for potential long entries around support levels at 2902.7, 2886, and 2875. Once stabilized and rebounding, the target can be set between 2945 and 2975.