December 28 Market Analysis:

Recently, the price of BTC has been fluctuating between 92,000 and 100,000. From the daily chart, there has been a significant decline, with bearish candles completely engulfing the previous trend, and the situation is not optimistic. Looking at the liquidation data, currently, the main liquidations are from long positions, indicating strong bearish pressure. The market is only experiencing a slight rebound, with no signs of a reversal, and overall, the bears are in a dominant position.

However, there are some positive signals. Regarding ETFs, there has been a net inflow of 4,598 BTC, while Ethereum has seen an even higher net inflow of 32,876 ETH, indicating a significant influx of funds. Moreover, the U.S. stock market has remained at a high level, and the current consolidation of BTC is essentially a form of accumulation. Previously, there was a continuous net outflow of funds, but now it has turned into a net inflow. Based on past experiences, in such cases, the market is likely to experience a reversal over a period of time.

Therefore, in the next couple of days, it is crucial to pay attention to two key support levels: one at 94,000 and the other at 92,000. For spot investors, it is basically a good time to position themselves. As long as BTC remains above 92,000, which is above the trend line support, it is expected to maintain a favorable upward trend in the medium to long term, and the future looks relatively promising.