On Christmas Eve, despite the early closing of the US stock market, the S&P 500 index still hit a new high, and the NASDAQ is also hovering near its all-time high. The strong performance of the traditional financial markets has injected a lot of optimism into the crypto market.

The situation with BTC is also worth noting. After nearly a month of sideways consolidation, the 20-day moving average has gradually flattened, and the short-term holding cost range has been effectively leveled. This technical feature indicates that Bitcoin has accumulated the energy to break upward. From a current technical perspective, I believe the probability of BTC making a new low in the short term is low. If the January market cooperates, a rebound above 100,000 is a target price worth expecting.