Yesterday's market finally tested the top again. Since Monday, everyone has been discussing this wave's high point, expecting a move towards 96,000 near the 4-hour Vegas channel. It now appears that Bitcoin has pulled back at this level, and many smaller coins have also started to catch up.

Since it's a top test, the technical analysis is quite clear — the CCI has touched the zero line again (but this doesn't happen overnight), the OBV hasn't shown any upward breakthrough, and the 4-hour Vegas channel can't break out either. In simple terms, this is a top test, and the conditions for a trend upward are not yet in place.

The top test is over, and the next step is a correction within a narrow range. In January, the market will likely stay in a consolidation phase, building strength for the trend rally in February.

**Specific reference points:**

For Bitcoin, the short-term resistance today is at 96,500. The resistance above that is between 98,100 and 98,500, but honestly, the probability of going back up to 98,000 is quite low. These upper and lower bounds indicate that a correction has begun. The first target for the correction is the support zone at 92,100-92,600; if a deep correction occurs, it could dip near 90,800.

SOL entered a long position at 140.5 yesterday, with take profit at 145. Unexpectedly, it caught up to 148. Support levels are around 141 and 136.3, both of which could trigger rebounds. Resistance above is at 150.8.

ETH has caught up with the rally, with support below at 3,170-3,150. The most annoying thing is the fake breakdown to 3,020-3,010 followed by a rebound, which can easily trap traders.

**Key understanding:** After this top test, lower your expectations for a breakout — this is not the point for trend initiation. The next phase will be a correction within a narrow range, so the real focus should be on how to prepare for the trend rally in February after the correction. This is the core task from the end of January to February. If you're unsure about the market direction, you still need to put effort into learning technical analysis logic and reinforce your discipline on stop-loss and take-profit.