Rush

Let's take a look at the current market situation. Today is Saturday, liquidity is low, Bitcoin's fluctuations are not significant, and there is not much volume. The data released last night was also bearish, causing a sharp drop, but it rebounded. Currently, there are no major bearish news that should lead to a significant drop in Bitcoin. The support around 92,000 is where it has fallen five times before, and there is quite a bit of bottom-fishing capital, so as long as Bitcoin doesn't break 92,000, it is safe. The current market is quite sluggish, and retail investors are experiencing significant panic. Various bearish news is coupled with the fact that Bitcoin is still above 94,000, which indicates that institutions are creating panic to scare off retail investors from entering to bottom-fish. Therefore, Bitcoin is unlikely to have a large drop moving forward.

Yesterday, Bitcoin ETF saw a net outflow of 149 million USD, and Ethereum had an outflow of 68 million USD. Currently, we can only wait for Trump to take office. On the 20th, when Trump takes office, there might be a large rebound in the market, but before the big market in February, there is likely to be another wave of selling. Once we get through the Spring Festival, we will see the spring. Ethereum's performance is still not very impressive, and we have to wait for the Ethereum upgrade in February-March to create some hype for a price increase. The future performance of Ethereum will definitely outperform Bitcoin, so let's be patient.