Regarding the market situation before the Spring Festival, my view is that there is still a possibility of a price surge. The liquidity and market sentiment may drive the market to experience a round of upward trends in mid to late January.
Expected High Points
I anticipate that the high point for Bitcoin may occur around January 25, with a target price of approximately $120,000. This trend will be the result of the combined effects of market sentiment and technical analysis, so this time frame needs to be monitored closely.
Key Support Levels
The current key support range for Bitcoin is between $82,000 and $85,000. If the price falls below this support area, a significant retracement may occur. However, as long as the price can remain above this support range, the likelihood of continued upward movement remains high.
Summary
The market situation before the Spring Festival is worth looking forward to, but one must also be cautious of the retracement risk after overly heated market sentiment. It is advisable to plan trading strategies in advance, and be ready to take profits or adjust positions, in order to respond flexibly to market changes.
