This stupid market, a hard-to-describe period of choppy garbage time.
Bitcoin has been swinging around the 85k-87k range all day, initially climbing from the morning to around 89k, then ruthlessly crashing back below 86k.
Trading volume is sluggish, leverage liquidations are sporadic but ongoing, and the Fear & Greed Index remains in the extreme fear zone at 17.
ETH is even worse, struggling around 2800 USD, altcoins are mostly green, Layer2 and meme coins are bleeding heavily.
Why is it so weak? The Bank of Japan just raised interest rates by 25bp, some yen carry trades are closing, and r

Almost everyone bullish on Bitcoin is waiting for a big rally to sell out. The goal is to sell and complete this bull market top. Can you explain the current market situation?
Compare this with most people bullish on crcl, who consider themselves diamond hands. Their target is a trillion dollars or holding for 5-10 years.
In other words, Bitcoin holders are now almost all speculators, with only a few like MSTR standing out.

The post-00s in the crypto circle are more numerous than I imagined.
Recently, all the new accounts I came across are students from 04 / 05 and even 06 / 07.
And everyone is quite outstanding, daring to fight + dare to explore,
They are at an age full of energy, and the future belongs to them.
Stop saying that the post-00s are not capable. 😄

How Japan's rate hike affects our major A-share market:
The Bank of Japan is expected to raise interest rates by 25 basis points at the December 19, 2025, monetary policy meeting, increasing the policy rate from 0.5% to 0.75%, reaching a 30-year high.
Main reasons include the continued core CPI exceeding the 2% target, the formation of wage-price cycles, the depreciation of the yen intensifying import inflation, and the narrowing of the US-Japan interest rate differential amid the Fed's rate cuts.
Overall impact on A-shares: "Short-term disturbance, limited in the long run": In the short term,

Two scenarios: The Bank of Japan announces a rate hike vs. The Bank of Japan maintains interest rates:
The Bank of Japan announces a rate hike (currently market expectations are as high as 80%-98%) Core impact: Large-scale unwinding of yen carry trades.

• Impact on Bitcoin: Bearish (short-term turbulence)
• Liquidity contraction: Many institutional players borrow cheap yen (interest nearly 0), then convert to USD to buy Bitcoin. Once the yen hikes, borrowing costs increase, and the yen will appreciate. These big players, to repay debts, must sell their Bitcoin holdings to free up f

If the price and MACD both move upward, it indicates that the market will continue to strengthen and rally. Never short until the price moves up and MACD moves down, then the market will weaken.
If the price and MACD both move downward, it indicates that the market will continue to weaken and decline. Never go long until the price moves down and MACD moves up, then the market will strengthen.
If you encounter a secondary top divergence on the daily chart, you must take a low leverage short position.
If you encounter a secondary low divergence on the daily chart, you must take a low leverage lo

Bear market preservation first. Heavy holders consider reducing positions/stop-loss, light holders hold coins and watch or trade small short-term positions. Do not go all-in with leverage, do not chase hot spots.
As of December 18, 2025, the overall cryptocurrency market remains sluggish, with Bitcoin (BTC) hovering between $85,000 and $95,000, Ethereum (ETH) fluctuating around $3,000-3,300, and most altcoins performing worse, with the total market cap shrinking by over $1 trillion from the October peak.
The market lacks strong rebounds, volatility decreases, and trading volume contracts.
Bitc