Currently, BTC has been oscillating at the bottom for a month. From a technical perspective, the current formation is:

The daily line forms a descending wedge, with prices compressing in the range of 84000-95000U and trading volume shrinking.

The probability of a breakout to the upside is higher, with resistance at the upper band located at 92000-95000U and support at the lower band near 84000U.

After breaking through the key resistance range above, there is a chance to test above 100000, or even reach new highs. The technical outlook is strongly bullish, and we are currently in a "consolidation" phase; a breakout will accelerate.

The Federal Reserve's interest rate cut cycle is still ongoing, and continued easing is expected in Q1 2026. BTC ETF inflows are persistent, and institutional accumulation is still in progress.

Risk appetite is warming up; if the stock market hits new highs, BTC will also amplify its gains. The macro environment provides "fuel" for a bull market, resonating with the technical perspective.

Currently, I am bullish and optimistic about the Q1 market. If there is an opportunity to retest in the past week, it would be a good opportunity to get on board. At the same time, attention should also be paid to risk points: if it falls below 84000 dollars, it may briefly retest 80000 dollars, but this does not change the medium-term bullish pattern.