#数字资产市场动态 12.29 Market Analysis

$BTC surged to around 89,000 yesterday and then quickly pulled back. Currently, it is oscillating between 87,000 and 88,000, with a decline of about 3.2%. Gold and other precious metals have surged across the board in the past two days, attracting a large amount of capital outflows. Coupled with the upcoming Federal Reserve minutes release, risk aversion is strong in the market, and bears are clearly dominant.

From a technical perspective, bullish momentum has significantly weakened. Resistance at the highs is heavy, and failure to break through could easily trigger a one-sided decline in a low-liquidity environment. With continuous inflows into precious metals and the year-end capital repatriation pressure, it is uncertain whether Bitcoin can move higher.

The Federal Reserve minutes will be released tonight, and the market generally expects a hawkish stance. If this expectation is reinforced, bearish sentiment will quickly intensify.

**Trading Suggestions**:
- Short at 88,800-89,500 range, with a downside potential of 1,000-3,000 points
- **Key Time Point**: One hour before the Federal Reserve minutes release (before 3 a.m. the next day). Be sure to reduce or close positions; do not hold through the news to avoid losses from sudden volatility.