The curse of BTC at 90,000 USD has not yet been lifted. In the past eight days, Bitcoin has attempted or already broken through the 90,000 USD mark six times, only to be slammed back down. However, I still believe that as long as the U.S. stock market can maintain an upward trend during the upcoming Christmas market this week, BTC will not perform too poorly.

Today, the pre-market for US stocks and BTC are both doing well, with Asian investors' sentiment being quite stable and buying being considered active. However, within half an hour after the US stock market opened, it started to decline, and there was no significant negative news. Tech stocks all experienced a small surge at the opening, and the current decline is mainly due to investors' pessimistic expectations for the future.

On Wednesday is Christmas Eve, and Thursday is Christmas. Then in the following week, we'll say goodbye to 2025. Looking back, although the process in 2024 is quite different, the Christmas season was also filled with pessimistic expectations. However, 2025 still created multiple historical highs. I hope there will be opportunities in 2026 as well.

Looking back at Bitcoin's data, the turnover rate continued to increase on Monday, but mainly due to selling by short-term profit investors, while the sentiment among loss-making investors remained relatively stable, with no signs of large-scale selling. It is now quite evident that investors who are in losses at high positions have almost all entered a watch-and-see mode, indicating that a large number of holders are still quite optimistic about the long-term future of $BTC .

However, the attitude of short-term investors is still predominantly pessimistic, and they believe that the current price is not the bottom of the market, so there is very low interest in actively buying in large quantities. Let's wait until 2025 to see.
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