I wish you all a happy new year and may the flying dragon have good luck in the sky.

2. Upward trend: As mentioned above, the price of Bitcoin has shown an upward trend since the 5th and reached a high on the 7th. In this process, multiple forces dominate, driving prices up.

Consolidation stage: Before 6 a.m. on the 8th, the market established a new high. Subsequently, the price entered a consolidation phase. During this stage, the power of the bullish side of the market gradually weakened, and the power of the short side began to appear, but there was no obvious downward trend.

3. Analysis of the main force’s behavior

Multi-party strategy: During the price upward process, multiple parties attract retail investors to enter the market by raising the price, and at the same time ship at a high level. However, the bulls did not leave the market immediately after reaching the high point, but chose to stay in the market and observe the subsequent trend.

Short side strategy: Short side adopts a wait-and-see attitude during the price upward process. When the price enters the consolidation stage, the short side begins to gradually layout, preparing to launch an attack at the appropriate time.

4. Future Outlook

The bulls will leave the market and the bears will exert force: According to the above mentioned, the bulls will leave the market on the 9th. At that point, bears may launch an attack, causing the price to trend downward. Investors should pay close attention to market dynamics and take precautions against risks.

Market uncertainty: Although the future trend has been predicted in the previous article, market uncertainty still exists. Investors should remain rational and make prudent decisions