During the Christmas holiday period, most institutions are on vacation, and market liquidity shows a significant vacuum. What does this period usually imply? There are still expectations of liquidity injection in the options market, but larger-scale capital inflows will be difficult to execute at market prices, which makes it interesting.

Following this logic, the market may first experience a pullback before a rebound. It also makes sense—buying during a sharp decline is more solid than relying solely on market order executions. Therefore, opening some short positions under this thinking is also reasonable.

From a technical perspective, BTC might break 8K before Friday night. The liquidity vacuum combined with changes in options leverage could lead to more intense short-term volatility. The key is to watch when large funds will enter to fill this liquidity gap.