12.25 Merry Christmas 1. Yesterday was Christmas Eve, and the U.S. stock market closed early. The S&P 500 still hit a new all-time high, and the Nasdaq is close to a new high. 2. After a month of consolidation, BTC's 20-day moving average is starting to flatten out. Short-term holding costs are gradually leveling off, and it already has the potential for a strong rebound. I don’t think BTC will hit a new low in the short term. It’s expected to rebound to the 100k range in January.