There is disagreement in the Chinese community regarding short-term trends, with traders focusing on downward pressure caused by liquidity shortages.

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On December 23, Adam, a researcher at Greeks.live, posted on social media that the Chinese crypto community is divided on the short-term trend of Bitcoin. Some traders are worried that the $90,000 resistance level will be difficult to break through, and the market may be entering a bear market correction. Traders are paying attention to the downward pressure caused by the pre-Christmas liquidity crunch, and the continued squeeze on long positions in contracts is exacerbating market volatility, while volatility has dropped significantly to historical lows.

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