12.29 Pancake Sharing

Bitcoin surged past 89,000 then sharply retraced 3.2%, currently fluctuating between 87,000-88,000. Precious metals are absorbing liquidity, and ahead of the Federal Reserve minutes release, funds are seeking safe havens. The market is dominated by bears, with quick in-and-out trading and no holding positions.
A rise is followed by a fall; intraday highs face obvious resistance. Bullish momentum is exhausted, and in low liquidity conditions, there is a tendency for one-sided downward moves without sustained upward pressure.
Precious metals are surging across the board, attracting capital, while crypto funds are flowing out. Market sentiment remains cautious, making it difficult for Bitcoin to rise significantly.
The Federal Reserve minutes will be released tonight, with hawkish expectations subtly embedded. Coupled with year-end capital repatriation, bearish sentiment is likely to intensify.

Suggestion: 88,800-89,500 range, with a target of 1k-3k points

Timing avoidance: Reduce or close positions 1 hour before the Federal Reserve minutes release (at 3 AM the next day). Do not hold positions to resist news shocks, and avoid sudden volatility risks. $BTC #加密市场小幅回暖