Recently, $BTC has actually undergone some structural changes: strong selling pressure → neutral → slight buying.

As shown in the chart: November saw a deep negative premium (continuous selling in Europe and the US); starting from December, the negative premium ended (selling pressure exhausted); the persistent green bars indicate a "slight capital inflow" from the US.

In the short term, it's still a high-risk phase with extremely low trading volume, making it prone to sharp spikes and drops. I will continue to stay on the sidelines, take care of my dog, and wait for new directions.

However, ultimately, it all depends on the Federal Reserve.