The short-term market is likely to continue its oscillation pattern with no clear direction at the moment. As year-end approaches, institutional funds remain cautious, and off-market inflows have not yet materialized. Liquidity remains tight, and the range-bound game between Bitcoin at 87,000-90,000 and Ethereum at 2,920-3,100 will persist. Without sufficient trading volume, the market is prone to false breakouts followed by quick pullbacks.

Tonight, data releases such as US existing home sales and EIA energy inventories will influence the market by affecting rate cut expectations, so short-term fluctuations should be watched carefully.

In the medium to long term, the key to breaking the market lies in liquidity recovery after New Year’s and the turning point of Bitcoin ETF capital flows. If a volume breakout above resistance levels occurs, combined with the market’s focus on Bitcoin’s scarcity, there is potential for upward movement; however, caution is needed regarding the potential risks of the Federal Reserve tightening policies and capital shifting to traditional assets. Currently, the market is in a consolidation phase, and patience is advised while waiting for a clear direction. Rational risk management is recommended. $BTC #2025Gate年度账单