#比特币价格走势 The $86,000 to $92,000 range looks very familiar. Looking back at historical records, similar oscillations occurred before the 2017 bull market top, during the correction period in 2021, and even in the rebound phase of 2019 — back then we called it "main force accumulating," now analysts call it "profit-taking" and "games before options expiration." The essence hasn't changed, only the participants and leverage scale have.

Wintermute said that year-end portfolio adjustments and tax considerations are driving factors. I heard this ten years ago — back then, it was before there were many institutions; now, it's whales gathering in droves. Short-term oversold signals do exist, but Jasper didn't specify where the bottom is — smart people never rush to draw conclusions.

What truly matters is the phrase "bottoming signals." I've seen too many times where "signs" ultimately turn into reverse breakouts. The options expiration in late December could indeed act as a catalyst, but don't be blinded by the word "catalyst." The bottoms in 2015, the rebound in 2018, and the crash in 2020 — the catalysts were stories created by later actors, and at that time, no one could predict accurately.

A sideways consolidation until a new catalyst appears — this actually means we need to be patient rather than guess. History tells me that those who can endure the most during critical periods are often the ones who laugh last.