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There are 3 days left until the last monthly candle closes this year. From the data, Bitcoin has never ended a half-year with a bearish candle, which is an interesting historical pattern.
The current situation is as follows: BTC has fallen about 2% from its opening price at the beginning of the year and is currently hovering around $93,400. Looking at it from another perspective, for this monthly candle to turn green, Bitcoin only needs to regain above the opening price within the next two days.
It sounds simple, but what does this mean? If the monthly candle ultimately closes as a bullish candle, the overall bullish tone for January will be confirmed. In that case, the space for Bitcoin's subsequent rebound will open up, and altcoins may also follow suit. This window of opportunity isn't wide—it's just these two days.
Some traders are betting on the psychological threshold of @94000@, betting that Bitcoin can surge past this level within this time window. Indeed, the technical indicators provide some support, but ultimately, the market's direction will depend on the buying momentum over the next two days.