The analysis highlights Bitcoin's persistent struggle below the $90,000 - $92,500 resistance zone. December's short-term price action exhibited chop and consolidation, influenced by typically low holiday trading volumes. Liquidation data shows a 14% drop in volume and 26% in liquidations, with significant long liquidations occurring during recent corrections. Bitcoin's immediate outlook forecasts a descent to the 200-EMA and potentially $87,000 if negative momentum persists, unless the RSI breaks upward. The broader market remains in a bear trend, with the speaker emphasizing a potential 'next leg down' towards $50,000, aligning with historical patterns seen on weekly Ichimoku Cloud and Gaussian Channel breakdowns. A macro reversal for Bitcoin would require a daily candle close above the downtrend resistance line, coinciding with a weekly close above Ichimoku's Leading Span A, which is around $95,500. Conversely, a failure to hold current levels or a breakdown below 50-EMA on the 2-week chart could lead to a macro bottom in the $36,000 - $52,000 range. The DXY is observed in a bearish trend, with likely interest rate reductions already priced in, suggesting potential choppy or further downward movement. The S&P500 faces a critical juncture at its previous lower high of $4,800; rejection here would likely trigger corrections back to lower levels. The total crypto market capitalization is currently bouncing at its 2021 peak; a breakdown below this level could lead to corrections towards the 200-moving average, with a worst-case macro bottom around $500 billion, aligning with Bitcoin's downside projections.