From the perspective of the price trend of Bitcoin, it is currently in a small stage of fluctuating upward movement, with the main resistance level above at 1002. If it can successfully break through this resistance level, the price is expected to continue rising to 120,000 USD. However, if the breakthrough fails, the price may continue to consolidate for a period of time, and new changes may not occur until after January 20.
In the short term, the price trend of Bitcoin still needs to be closely monitored. Some altcoins have begun to show signs of correction, but Bitcoin and Ethereum have not yet shown obvious correction signals. It is highly likely that the price will continue to rise today, but the period from 4 AM to 8 PM on the 7th is relatively critical, and attention should be paid to the potential correction structure. In terms of operation, chasing highs is not recommended, and short-term operations should focus on buying low, avoiding prolonged battles, and maintaining a defensive position.
