Sunday's homework is still very boring; wasted time is just wasted time. Some friends asked why there would be a drop tonight. I can only say that I haven't seen any new negative news at the moment. The current price of BTC is fluctuating around $95,000, which is quite normal. After all, the lowest fluctuation range for #BTC after the election came down to around $92,000, and it has since risen due to various positive news.
So, it's not unusual to see fluctuations during this low liquidity wasted time on weekends. Why do I say this? The overall turnover data from today shows that it is only about one-third of yesterday's. The current turnover rate is almost similar to the $65,000 range that fluctuated for eight months and the $26,000 range that also fluctuated for eight months.
This indicates that current investors have normalized their emotions during the holiday. In simple terms, retail investors have mostly sold what they needed to sell and bought what they needed to buy. Without the intervention of institutions and market makers, the buying and selling volume is limited to this. Unless there is new positive or negative stimulation, emotional buying or selling will not occur again; otherwise, it is likely to maintain a fluctuating sentiment.
Tomorrow is Monday. Although it is a new working day, the low liquidity from the holiday has not yet reversed, and next Wednesday is New Year's, another holiday. The real back-and-forth will gradually recover only after a week. Therefore, I unilaterally believe that if there are no new events next week, it will still maintain this wasted time.
From a support perspective, the temporary data has changed, but since it is all short-term data, I do not plan to adjust for now. If liquidity returns in two weeks and the current support price is maintained, I will readjust. However, as it stands, the fluctuation range around $95,000 is still the most likely scenario.
The data has been updated, address: https://docs.google.com/spreadsheets/d/1E9awSVwrVOxKOiaMdYT5YZvfveeFd9ENU-iO6dVcGj0/edit?usp=sharing
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