Bitcoin's recent rebound at the beginning of the week was not very strong, and the entire gain was wiped out over the weekend. Currently, it is trading sideways around the 90,000 mark. From the K-line chart, the oscillation range has become quite tight.

On the macro front, the probability of the Federal Reserve maintaining interest rates in January is at 98%, which is basically a certainty. However, there are many driving factors for the market next week—CPI data release is one, and more importantly, the Fed management team will be taking turns to speak. This timing is quite interesting; the new chair has not officially taken office yet, and various senior officials are all calling for "rate cuts." Let's see how they justify the "necessary rate cuts" when they speak.

In terms of Bitcoin's movement, it reflects a tug-of-war with repeated ups and downs. During rebounds, it gets stuck in the 91,500 to 93,500 range. Once it pulls back, support is around 88,000 to 89,000, and the price fluctuates within this box. In the short term, there are no clear signs of a breakout in either direction; we have to wait for macro data and speeches to give a signal.