Starting from New Year's Day, the rebound was at the 3-day moving average level. This week, it upgraded to the 5-day moving average level rebound, and next week will be the weekly level rebound. This is a continuous upward progression. Of course, the 3-day moving average rebound has not yet completed, and the upward momentum is still strengthening. Additionally, the 1-day MACD is climbing above the zero line, so since January 1st, the emphasis has been on mainly going long before the end of the month, with short positions as a supplement.

Today, BTC entered a consolidation zone between 96,000 and 97,850. Holding above 97,700 would break the 100,000 threshold. The current resistance above is only in the 98,000-98,800 range. Next, the bulls will defend at 95,700; as long as it does not fall below this, the upward push will continue.