Bitcoin's recent trend has been very healthy, without a significant breakout to the upside. After a dip back to around 86,800 this week, it has been gradually rising. These days, Jiang Wei has been continuously bullish around the bottom. The market is excitedly celebrating. This will mark an exciting moment for 2025.

Currently, the technical structure on the daily chart shows a narrowing pattern, with the magnitude of upward and downward movements beginning to decrease. There is strong support at 85,000 below and resistance at 93,000 above. Although there is a 8,000-point space in between, it’s relatively insignificant compared to before. The price is now testing the middle Bollinger Band for resistance. If it breaks through, the bullish trend will continue. I believe this breakout is only a matter of time.
Personally, I am more inclined to be bullish. A pullback to around 88,000-87,500 within the day is still a buy signal, with a target of 90,000. Once stabilized, look for 93,000.