Mid-January Market Observation

From a mid-term perspective, Bitcoin has shaken off the consolidation pattern and entered an upward trajectory. Trading volume and price are resonating, and the overall rhythm is quite steady. Yesterday, it faced resistance around 98,000; now it has pulled back to approximately 96,000—this level is actually a good reference point. Don’t turn to shorting just because you missed the initial move; often, hitting the top can become a catalyst for the market.

Is the current rally truly the start of a bull market or just a rebound correction? Honestly, it’s hard to define at this point, but where is the certainty? It lies in buying on dips. The focus remains on $BTC as the main player, with a moderate allocation to $ETH. Altcoins are temporarily set aside. The current profit-taking effect cannot sustain the enthusiasm of an altcoin season; chasing altcoins at this stage will only lead to repeated losses driven by greed.

Key price reference points:
Resistance: 98,000-100,000
Support: 94,500-95,500

Once the upper resistance is broken, the positional relationship will switch. The short-term strategy is clear—use 95,000 as a risk control anchor; buy on dips if there’s a pullback. The opportunity in this wave of market movement still exists.