#战略性加仓BTC This week's opening was grand, but the story has yet to unfold. A bunch of assets collectively declined, sounding terrifying, but in reality, it's just a "rehearsal."

Let's look at the details. Gold and silver fell sharply, dragging down overall sentiment, but the decline in US stocks was actually minimal (0.3%-0.5%), and gold and silver only returned to last week's levels. Silver finally exited the overbought zone, and the trend line remains intact. So rather than a big plunge, it's more like a show of force.

Why is this happening? It's the end of the year, not due to a specific news event. Liquidity dries up, and any small movement is amplified tenfold. Without enough opposing orders to absorb the sell-off, no one dares to buy the dip when prices fall, and no one dares to chase when prices rise. Prices are like loose eggs, swinging around a black hole of liquidity. This kind of decline usually has two outcomes: either a quick rebound and correction, or a slow transformation into a "zigzag oscillation upward." Very rarely does it crash directly into a deep bear market.

Now, look at the broader environment. The US dollar and Treasury yields are weakening simultaneously, not creating much pressure for further declines. It's just that short-term momentum still exists, and there’s a possibility of a downward push.

The real answer will come next week—the first full trading week of 2026. By then, liquidity will return, everyone will be present, and hard data like non-farm payrolls will be released. Only then will the market signals be truly meaningful. Currently, institutional actions are "handing risk over to time and leaving the direction to retail investors." It’s not a battle of attack and defense, but a game of patience testing emotions. Bonds are being bought (seeking certainty), volatility is being suppressed (not priced in temporarily), the dollar has no trend (unwilling to bet), stocks are falling but not crashing (the story is still alive)—everyone is waiting for "the first mistake."