1.1BTC Afternoon Analysis

A new year begins, and everything is renewed. Market opportunities always move in sync with time, fleeting in an instant. Looking back over the past year, the market has been tumultuous, with opportunities and challenges coexisting: the first half of the year saw a massive bull run, with Bitcoin and Ethereum soaring together, hitting new all-time highs; however, the year-end market suddenly turned downward, with the bear market returning, and the two major leaders continuing to face pressure and decline. Bitcoin stabilized at the 80,000 level after dropping to a low, while Ethereum also retraced to around 2600. The current market is in a range-bound consolidation, which is both a test of the continuation of the bull market momentum and a strong signal of a new bull market warming up.

Observing the current chart, the Bitcoin 4-hour timeframe shows that after being supported at around 87,200, it gradually stabilized. It is now consolidating in a small range around 87,800.

The Bollinger Bands are showing signs of narrowing, with the middle and lower bands beginning to turn upward, indicating that short-term support and resistance levels are relatively clear; on the 1-hour chart, the retracement lows are gradually rising, and the bearish momentum is continuously weakening, with the downward price movement losing strength.