Wintermute strategist: Bitcoin may fluctuate between $86,000 and $92,000

Wintermute trading strategist Jasper De Maere stated that bitcoin may fluctuate within the range of $86,000 to $92,000. It is currently not advisable to overinterpret technical indicators, and it is expected that, driven by year-end portfolio adjustments and tax factors, more profit-taking will occur in the next two weeks. Bitcoin's sideways movement will continue until a new catalyst emerges, such as the large-scale options expiration in late December. Although it is too early to assert that the market has bottomed out, signs of a bottom are already appearing, and the market is oversold in the short term.