Currently, Bitcoin (BTC) is performing strongly, having broken through the previous parallel downtrend channel pressure, reaching $99,800. Analysts suggest that Bitcoin is likely to rise further to $104,000 or even higher. However, there are also some opinions that Bitcoin is in a shoulder high-pressure zone, facing significant correction risks. Overall, the market is generally optimistic about Bitcoin's long-term prospects, but also reminds investors to be cautious of short-term volatility.

From a technical perspective, Bitcoin's current resistance level is between $100,000 and $103,000. If it can successfully break through this range, Bitcoin may continue to rise to $120,000. However, if it fails to break through, the market may enter a consolidation phase. Meanwhile, Bitcoin's support level is around $96,670 to $96,170, with the 2-hour chart support at $94,000 to $93,000. Short-term traders should pay attention to these key price levels and set reasonable stop-losses.

Despite Bitcoin's outstanding performance, there remains uncertainty in the market. Some analysts believe that Bitcoin may experience a correction in the coming weeks, especially from mid-January to the Spring Festival period. Investors are advised to remain patient and not to blindly chase prices. For those holding spot positions, it is recommended to hold onto their chips and wait for a better entry opportunity. At the same time, attention can be paid to the performance of altcoins, especially those with potential small-cap coins, as they may experience a wave of upward movement in the near future.