Look quickly!!! After the last pullback of Bitcoin, a explosive surge is expected before the Spring Festival!

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Bitcoin is currently consolidating in a volatile range, and the price may break through $100,000 at any time. Right now, the price is around $97,200, in an important accumulation zone. If it can stabilize around $97,000, it will lay a solid foundation for subsequent increases. There are two possible trends ahead:

Pullback Risk: If it falls below $96,200, it may form a double top, and the price could decline further.

Strong Breakout: If it breaks through the current resistance and continues to set new highs, then a larger increase is likely, with a target looking towards $99,000.

Bitcoin is still in the B-wave rebound phase, and the market may experience a period of consolidation. A C-wave decline adjustment is expected next. In the short term, the overall direction remains bullish, so there are no clear short signals. If the price pulls back, pay attention to the following support zones:

$94,600: Previous double bottom support

$91,600 to $93,000: Lower edge of the range

On-chain data supports market recovery

Long and short positions in Bitcoin remain balanced, although there are slightly more long positions, there is still a risk of deleveraging. If the market deleverages, a brief spike rebound may occur. Additionally, the supply of USDT is decreasing, while the supply of USDC is surging, providing ample liquidity for the market and supporting Bitcoin's rise.

Future Outlook: The last adjustment may occur in late January, and a significant rise in February is imminent!

It is expected that Bitcoin will experience the last panic pullback between January 20 and 27, which will be the best opportunity to buy the dip. Subsequently, a new round of upward momentum is expected in early February, fueling the bull market.

Short-term capital flow analysis of altcoins

In the absence of market hotspots, funds have flowed into the on-chain AI sector. As the overall market warms up, these funds may flow out, but the AI sector remains strong, so it is important to grasp the rhythm during the exchange.

In summary, after the consolidation, seize the last opportunity to buy the dip, and prepare for Bitcoin's explosive rise!

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