Gate Square “Creator Certification Incentive Program” — Recruiting Outstanding Creators!
Join now, share quality content, and compete for over $10,000 in monthly rewards.
How to Apply:
1️⃣ Open the App → Tap [Square] at the bottom → Click your [avatar] in the top right.
2️⃣ Tap [Get Certified], submit your application, and wait for approval.
Apply Now: https://www.gate.com/questionnaire/7159
Token rewards, exclusive Gate merch, and traffic exposure await you!
Details: https://www.gate.com/announcements/article/47889
The most attention-grabbing event in recent days has to be the sudden change in the situation in Venezuela. Although this event has indeed had a significant impact, due to the rapid development of the situation and the coincidence with the weekend US stock market closure, the direct impact on Bitcoin has been relatively limited—however, that being said, Bitcoin actually surged to $93,000 this morning.
What happens next depends heavily on market sentiment. Especially after the US's first trading day of the year opens on Monday, how it performs will determine the subsequent rhythm. The extent to which such events influence risk sentiment, and even their ripple effects on the US political landscape, are still uncertain and need to be observed.
Returning to our most concerned issue: where Bitcoin is headed next. Here, an important principle must be emphasized—the market is always right. You might personally see a certain event as bearish, but as long as the market perceives it as bullish and pushes the price upward, you should follow the market’s rhythm and avoid going against the trend.
Overall, my outlook on Bitcoin’s future is optimistic. But it’s still early, and with this weekend’s geopolitical events interfering, whether it can continue on this path ultimately depends on whether the market’s sentiment can stabilize after the US stock market opens.
Reiterating the key point: on the daily chart, the $94,500 level has been an important resistance since late November. As long as the US stock market opens and market sentiment calms down, the next trend direction should become much clearer.