$BTC has broken through 90,000 again, but the structure of this pump is still very "light": Trading Volume hasn't significantly increased, the daily chart is still below EMA10/20/50, low Liquidity, buy pressure is not strong, but sell pressure has clearly decreased.

Not enough "trend-setting funds" entering the market: ETFs have seen net inflows for 4 consecutive days, but the scale is limited; Coinbase's premium has also shifted from deeply negative to slightly positive, resembling tentative buying rather than strong inflows.

From 11/12 to 11/27, during this entire period, European and American funds continued to have a deep negative premium, which may also be related to the decrease in liquidity before the holiday. After all, celebrating the New Year, traveling, and enjoying food and entertainment all require money.

In the early hours of yesterday, we encountered the impact of the "Japanese interest rate hike expectation," causing BTC to briefly break through the supportless range.

But I'm not very clear on what news is driving the pump at this moment, but the short-term has already become overheated.

November and December are both dangerous periods. I have already been killed 3 times and am currently in a waiting phase, waiting for a clearer structure to appear.