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12.26 Reaching a Critical Point
1. Precious metals continue their bullish trend, with platinum hitting a new all-time high, rising 7% in a single day, while silver and palladium also surged.
2. The short-term resistance level for Bitcoin is around 89,500, which is a support-resistance switch point. It has not been able to break above this level in the past 11 days. Once it successfully breaks through, a significant rebound could be initiated.
3. With precious metals reaching new highs, the S&P reaching new highs, and the Nasdaq approaching new highs, the market is optimistic about Bitcoin's potential rebound in January.