Early morning analysis of Bitcoin pattern on January 5th

From the hourly K-line perspective, Bitcoin maintains an overall upward trend. The price is moving in the upper-middle area of the Bollinger Bands, and each time it returns near the middle band, it finds support, indicating that the bulls are still relatively strong.

The three lines of KDJ are currently clustered around 45-46, with values very close and showing an upward convergence trend. This usually signals that the short-term consolidation phase may be coming to an end, and a further upward push is likely soon.

The key point is whether the previous high of 91,779.7 can be broken. If it is surpassed, the upward space will further open, and the probability of the trend continuing upward will be high.

Trading strategy:
Consider going long if the price retraces to the 90,800-90,300 range. The initial target is in the 92,000-93,000 zone, and if broken, continue to follow the upward momentum.