Bitcoin has confirmed a breakout above the lower boundary of the bottom triangle consolidation, and the short-term bullish pattern has initially been established.



From a trading rhythm perspective, the CPI data on the 13th is an important dividing point. Before that, an upward trend is expected to continue, and there is no need for excessive trading; you can continue to hold long positions. It is recommended to set take-profit orders based on previous low points to lock in gains and let the profits fully play out.

From a larger cycle perspective, the main upward wave is still in its incubation stage. Overall analysis suggests that in the first quarter, Bitcoin is expected to rebound from the daily MA200, a key resistance level estimated between 103K and 105K. If it can effectively stabilize above this zone later, it will provide stronger support for subsequent upward movement.
BTC-0.13%
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MidsommarWalletvip
· 01-07 16:45
Wait, 103K to 105K? Feels like all the anticipation was for nothing haha
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FUD_Vaccinatedvip
· 01-05 02:54
The CPI on the 13th is going to explode, and Bitcoin will have to plunge again. Don't tell me it's a bullish pattern.
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MEVHuntervip
· 01-05 02:52
103K to 105K? That resistance level sounds solid, but I'm concerned about how those large orders in the mempool are queued... Will the gas war in the past few days before CPI drain all the liquidity?
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CodeZeroBasisvip
· 01-05 02:51
103K to 105K? Bro, your resistance level is set way too ridiculously. Now you're daring to say it so definitively...
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MetaMaskVictimvip
· 01-05 02:46
Damn, CPI that day was really a hurdle... I could still have some fun before the 13th, but I chickened out and closed half of my positions...
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