December 30 Market Analysis:

Last week, because the overseas markets were celebrating Christmas, everyone was on holiday, and the trading was very light. But this week is different. Everyone is back to work, the market will be lively, and the volatility will be greater. Now there are several key data to pay attention to. The 10-year US Treasury yield is rising like a rocket, and it is hovering at a seven-month high. There is also the US dollar index, which is also quite strong. It has been rising for four consecutive weeks and is firmly above the 108 mark. These two situations put a lot of pressure on BTC.

But don't panic. Judging from some of the data at hand, the current market does not support BTC to continue to fall. Look at the liquidation chart again. The long and short sides are now like tug-of-war, evenly matched, and deadlocked. So the market will fluctuate for a while next. This is not something that can be calmed down in a day or two, especially at the price of more than 90,000 US dollars, it will fluctuate for a long time. However, if we take a longer-term view and look at the trend of this entire month, BTC is still bullish within 30 days.