Last night, after Bitcoin (Big Pizza) surged to a high of 98,000, it entered a consolidation phase. As of the writing of this article, the price is stable around 96,500. As I have emphasized in my recent articles, the short-term consolidation pattern has not changed; Bitcoin is still hovering within this narrow range, waiting for a breakthrough signal to appear, and this consolidation trend is expected to continue in the short term.

Currently, the market fear and greed index for Bitcoin has risen to a high of 84. Even though market sentiment is generally high, Bitcoin has not continued to rise along with it. In the face of this situation, it is particularly important to remain calm and patient, and to avoid impulsively increasing positions.

At the same time, the exchange rate of Ethereum (ETH) relative to Bitcoin (BTC) remains strong, indicating that Ethereum will continue its upward journey. I maintain my original view that in the short term, Ethereum is expected to reach the range of 3,800 to 4,000, and by the end of the first quarter, it is expected to reach a height of 4,500.