Christmas market is here, the US market will close early tonight and be closed tomorrow.

Liquidity is too weak; a few days ago, it was said that without major positive news, the 4-hour long-short boundary is not easy to break effectively, and there might be some consolidation for a while. The good news is that there has been no breakout nor a sharp decline.
The US Q3 GDP growth far exceeded expectations, and the market worries that an overly strong economy might hinder the Fed's rate cuts in 2026. Then Trump came out to say that anyone who disagrees with him cannot become Fed Chair.
During Christmas, some investors start to go on vacation, and both liquidity and trading volume have noticeably declined.
However, the overall chip structure remains relatively stable, and there are no signs of investor panic. So, the decline has not been significant. The next opportunity probably begins when Trump announces a new Fed Chair, as he is already powerless against Powell.