Currently, the performance of Bitcoin (BTC) is strong, having broken through the previous parallel downtrend channel pressure, reaching 99,800 USD. Analysts suggest that Bitcoin is likely to rise further to 104,000 USD or even higher. However, there are also some viewpoints that believe Bitcoin is in a shoulder high-pressure zone, facing significant retracement risks. Overall, the market is generally optimistic about Bitcoin's long-term prospects but also reminds investors to be cautious of short-term volatility.

From a technical perspective, Bitcoin's current resistance level is between 100,000 and 103,000 USD. If it can successfully break through this range, Bitcoin may continue to rise to 120,000 USD. However, if it fails to break through, the market may enter a consolidation phase. At the same time, Bitcoin's support level is around 96,670 to 96,170 USD, with the 2-hour chart support level between 94,000 and 93,000 USD. Short-term traders should pay attention to these key price levels and set reasonable stop-losses.

Despite Bitcoin's outstanding performance, there remains uncertainty in the market. Some analysts believe that Bitcoin may experience a retracement in the coming weeks, especially from mid-January to the Spring Festival period. It is recommended that investors be patient and not blindly chase after prices. For those holding spot positions, it is advised to hold on to their assets and wait for a better entry opportunity. At the same time, it is also suggested to pay appropriate attention to the performance of altcoins, especially those potential small coins, as they may迎来一波主升浪 in the near future.