Market sentiment is a bit stifling, like the oppressive feeling before a storm.

Today’s K-line movement is painfully flat—Bitcoin is repeatedly grinding within a narrow range, with neither bulls nor bears willing to make the first move. On the surface, it seems quiet, but underneath, turbulent currents are swirling.

During Christmas, the market should have been a carnival, but instead, it’s surprisingly cautious. Bitcoin has attempted several times to push toward the $90,000 mark but has failed to stabilize above it. A clear pattern in December: "Asian session rally, US session dump"—how many times has this rhythm repeated?

**The core issue right now is actually quite simple**

Is it going to continue pushing toward $93,000, or will it directly waterfall back to $86,000?

On the daily chart, Bitcoin is stuck at the end of a converging consolidation. The $88,000 to $90,000 range is the recent key zone of fluctuation—typical of the night before a surge.

**Bull side:** $90,000 is both a psychological and technical barrier. It needs to be broken through continuously to open up upward space. But the bigger test lies between $92,000 and $95,000, where a pile of trapped orders and long-term trend pressures reside.

**Bear side:** $86,000 guards the lower edge of recent volatility. If it breaks here, the entire rebound structure will need to be reassessed. Further down, the $84,000 to $85,000 zone has been tested repeatedly, and the market recognizes this as the last line of defense for a deep correction.

Honestly, my view is… the market is just stuck at this critical point. The key still depends on the performance of the US evening session.