Today’s midday market is quite interesting. Bitcoin just hit $87,329, but it’s down 2.92% in the past 24 hours, and the performance over the entire month hasn’t been very optimistic—since the surge to the high of $93,000 on December 11, it has been trending downward. Ethereum’s situation is similar, with a current price of $2,934.8. Although the daily decline isn’t large (0.24%), it has accumulated a 2.62% drop over the past week. Looking at the candlestick chart, the technicals indeed appear weak.

Interestingly, this decline isn’t just a crypto market thing. Major US stock indices are also falling, and safe-haven assets like gold and silver are declining in tandem, indicating that the overall market is engaging in risk aversion or taking profits.

A key factor is the end-of-year holiday season, which has led to a noticeable decrease in exchange trading volume. When liquidity thins out, small-scale buy and sell orders tend to be amplified, causing price fluctuations to exceed normal ranges—this is especially common around holidays.

The institutional stance remains quite cautious. Some analysts believe Bitcoin may enter a sustained downward cycle lasting several months, with recent prices facing pressure. However, market focus is also shifting back to mainstream coins like BTC and ETH, where structural opportunities exist.

In the short term, liquidity during the holiday period will likely remain tight, and volatility could continue to intensify. It’s important to keep a close eye on key support levels. Once the holiday ends and funds flow back in, the market may reorient. If you want to delve deeper into specific technical indicators, support levels, or volume changes, you can continue to explore.