The market is currently gaining momentum; consolidation may not be a bad thing, but rather the calm before the storm. Bitcoin has been fluctuating in the range of 96,000 to 100,000 these past few days, without much movement. A 5% fluctuation in the crypto market is quite normal. Right now, bulls and bears are at odds, neither side is willing to concede easily. The good news is that there is plenty of it, and market confidence is quite stable; it's highly likely that the prices are finding a bottom after the last surge.

In the short term, Bitcoin is expected to continue bouncing around this price range. However, we should stay alert; before the new administration takes over, the market might suddenly hit the brakes, washing out the last of the indecisive traders.

The price of $BNB is estimated to hover between 680 and 740, waiting for Bitcoin to give some direction. Moving forward, the bears are likely to calm down, and we should be patient; the best is yet to come.

60428801465 is currently on a strong upward trend, moving steadily within the 3500 to 3800 range. If Bitcoin remains stable, Ethereum may still have a chance to rally on its own.

Some important news:

1. Chilean legislators Gael Yeomans and Juan Santana are considering drafting strategic Bitcoin reserve legislation.

2. JPMorgan: An expected record $78 billion will enter the crypto market in 2024, with 28% coming from MicroStrategy's Bitcoin purchases.

3. The total locked value in Ethereum Layer 2 networks is $50.7 billion, with a 7-day increase of 6.21%.

Now, back to today's daily technical analysis of 71408681187. From the candlestick chart, the 1-hour level shows an uptrend, the 4-hour level shows an uptrend, the 12-hour level shows an uptrend, and the daily level shows an uptrend, with an intraday resistance level of 101,200 and a support level of 96,100 dollars.