Trader Market Sentiment Diverges: BTC Year-End Rebound Faces Multiple Obstacles

According to the latest market observations, since the launch of the US spot Bitcoin ETF options (IBIT) on November 19, 2024, BTC has experienced a structural shift. Currently, the trader community shows a clear divergence in outlook, with the bearish camp believing that Bitcoin continues to weaken and that there is a lack of effective upward momentum during US trading hours.

Most traders remain cautious about achieving significant breakthroughs before the end of the year. From a technical perspective, the daily K-line chart still indicates a weak pattern, suggesting that short-term upward pressure remains. This cautious sentiment is reflected across the entire English-speaking trading community, with investors adopting a wait-and-see approach rather than actively going long.

Notably, the period around January 6 may become an important volatility window, with market participants closely monitoring performance during this time. However, even so, most traders remain doubtful about the possibility of breaking through the current impasse. Overall, Bitcoin faces a dual suppression in the short term: technical weakness and conservative sentiment.