BTC is currently at the end of its consolidation phase. What will happen next? From a technical perspective, the MACD is tangled and indecisive, the triangle pattern maintains extremely low volatility, and the larger structure is constrained by the major triangle trendline, making an upward breakout more likely. The weekly chart is even more interesting — it has been oscillating below the 97,000 price level for a full seven weeks. Such timing often signals the prelude to a trend reversal.

How about the fundamentals? After Japan's interest rate hike, BTC has stubbornly not fallen below 80,000, indicating that 80,000 indeed forms a relatively stable short-term bottom. The weekly level requires a structural correction. Plus, liquidity is expected to return to the market in January, giving the bulls ample reason to be optimistic.

Technical resistance levels are arranged sequentially: 97,000-99,000 represents a strong resistance zone, and breaking through this threshold would be a real positive sign; further up, the 105,000-106,000 range is the second resistance.

In terms of trading strategy, the main theme for January should shift completely from the "shorting high and going long low" approach used in December to a more bullish mindset. Once the trend reversal begins, it will be a trend-following market. Trying to fight the trend with December's method could lead to a high risk of liquidation. Staying in sync with the trend is essential.