#美联储回购协议计划 $BTC is still the same—bouncing between $84,000 and $94,000, with narrowing volatility. Ethereum is even more affected, firmly held below $3,000, with several attempts to break through being pushed back.

Looking at the weekly, daily, and even hourly charts, the overall pattern remains bearish. No effective volume breakout has been seen, and the reversal conditions are not yet mature.

I've been watching the $94,000 level closely; it's a key level that must be broken in the near term. Moving downward, the $90,500 to $91,000 range is the recent resistance zone. Every rebound to this area has been hammered back down, indicating that the selling pressure is indeed strong.

The problem is that the market is too quiet. During Christmas, institutions are on break, spot ETFs are bleeding, and there’s a lack of genuine catalysts to drive the market. The Bitcoin holdings on exchanges have fallen to the lowest levels in recent years, meaning there are hardly any chips left to sell.

Right now, it’s a delicate balance—selling pressure is waning, but the buying momentum hasn’t yet gained strength. When this deadlock will be broken depends on whether additional funds enter the market later on.