$BTC

In the next four hours, Bitcoin's price movement is likely to hinge on several key factors:

1. Current Market Trends: Bitcoin is trading within a consolidation phase around $97,000 to $98,000, as it awaits a decisive breakout. The short-term trend shows a narrowing range on the 4-hour chart, with a potential breakout above $98,500 possibly pushing the price toward $100,000. Conversely, failure to maintain current support levels could lead to a drop toward $94,000.

2. Institutional Activity: Continued buying from major institutional players like MicroStrategy has fueled optimism, as they recently added significant BTC holdings. This support may contribute to sustained price levels in the short term.

3. Market Sentiment and Volume: While bullish sentiment persists, trading volumes have been subdued recently, signaling a potential surge in volatility as traders return post-holiday. This could lead to sharper movements either up or down in the coming hours.

4. Technical Indicators: The 9-day and 21-day moving averages suggest indecision, but any breach above the upper channel boundary (around $98,500) could confirm an upward trend. Conversely, declining momentum could signal a pullback.

5. Macro Influences: Broader crypto market trends and upcoming events, such as Federal Reserve policy expectations, might also contribute to price swings in the short term.

Overall, Bitcoin may test the $98,500 resistance or retreat to $94,000 support depending on market dynamics in the next few hours. Stay vigilant for breakout signals and volume changes to better anticipate the movement.

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