The policy shift of the Central Bank is causing severe fluctuations in global liquidity. According to market expectations, the interest rate may rise to 1.25% by the end of 2026, which will have a much deeper impact on the global crypto market than previously imagined.

From a short-term market perspective, this week coincides with Christmas week, which is also a key moment for the end of the month, quarter, and year. The market exhibits typical characteristics of high-level fluctuations — frequent upward and downward spikes make short-term operations exceptionally difficult. In this uncertainty, a cautious strategy is to primarily observe and supplement with minimal operations.

Focusing on the big trend, the daily chart still needs a period of consolidation and correction. This process is actually continuously absorbing chips, and when market participants generally become optimistic and believe that a bull market is about to start, it may instead usher in a fierce pullback. This is precisely a manifestation of the Central Bank's interest rate hike effect not being fully released yet—real pressure is still ahead.

For trading layout, Bitcoin has formed a rebound key point between 95600 and 98000. Long-term players can consider laying out short positions in this range, with the target set in the range of 7.5 to 5. In simple terms, the market is about to undergo a deep pullback, and the magnitude of this adjustment is enough to refresh most people's expectations.

The operational advice is straightforward: bulls should not blindly chase highs, while bears should enter precisely at key positions. Once this round of adjustment is grasped, the potential returns may exceed 10 times.