Recently, Bitcoin rose on January 3rd and once again formed a long bullish line before peaking and retreating, continuing to fluctuate within the range of 97000 to 99000, forming a consolidation pattern.

From the MACD perspective, the fast and slow lines are running above the zero axis but show signs of flattening, and the histogram bars are shortening, indicating a weakening of bullish momentum.

However, the EMA7 and EMA30 moving averages are still arranged in a bullish manner, and the EMA120 is far from the current price, indicating that the long-term trend remains upward.

Therefore, although the weekend shows a bullish trend, it is necessary to rely on the support level between 96500 and 96800 for further upward consolidation, while the upper targets to watch are the high point at 99000 and the round number at 100000.