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Gold plunges, pulling Bitcoin higher — we've understood this logic long ago. The recent market movements are very similar, with precise rhythm in ups and downs, allowing both bulls and bears to profit.
But this is the key point. After the Christmas market opening, there have been continuous shakeouts, and yesterday was no exception; the pattern is clear. According to usual psychology, the big players are likely to push Bitcoin down to test support before pushing it up again, especially before the Bitcoin price hits the 100,000 mark.
The long positions around 88,000 earlier have already validated the operability of this logic, and the returns were indeed good. The current question is — after the New Year holiday ends, is it time to initiate that rebound? This time window is worth paying attention to, as market rhythms often shift during such holiday changes.