#比特币价格预测与分析 Seeing Bitcoin fluctuate around $87,000, I was reminded of the winter of 2017. Back then, it was also the end of the year, and the market was similarly stuck — everyone was waiting for a signal, a reason to break the deadlock, but nothing came.

The cycles of history are often so interesting. Wall Street was celebrating the year-end numbers, while Bitcoin chose to remain silent. This is not weakness; rather, it reveals a deeper truth — when the seasonal optimism of traditional finance cannot support the upward momentum of cryptocurrencies, it indicates that liquidity support has already become problematic.

I’ve noticed that recent ETF sell-offs have been eroding the market’s buying foundation. This is somewhat similar to the correction logic of 2018, except that back then, there was no ETF variable. At that time, many held onto high positions, only to face an 18-month bear market. The current risks are similarly worth caution.

The $85,000 to $90,000 range is not support but a decision zone. Looking at past cycles, when the market enters this kind of "complex consolidation" state, participants often face a dilemma: rushing to add positions risks being caught off guard, but completely exiting risks missing the subsequent rebound. The most prudent approach is actually to wait for a true shift in liquidity — this takes time and patience.

It’s not that I’m not bullish; it’s just that the cost of being bullish is rising.