2026-01-02 19:22:17

Looking at BTC's recent chart, the four-hour timeframe has already fully established a bullish momentum. The price is consolidating near the upper band of the Bollinger Bands. Although there was a doji candlestick in the middle, the pullback space was minimal, and buying pressure at the bottom is holding strongly. This is a typical sign of strong consolidation—using sideways movement to digest the gains while accumulating energy for the next upward move.

More importantly, the selling pressure from the bears is clearly weakening. You will notice that every pullback is quickly supported, and the market's dominance has already shifted to the bulls. Yet, some traders are still operating against the trend, trying to bet on a retracement. This approach not only risks missing the main trend but also risks being worn out in repeated oscillations.

From a technical perspective, this consolidation phase is nearly complete. If there is a retest of support later on, it would be an ideal entry point for bulls to re-enter. It is recommended to follow the trend, abandon the contrarian top-fishing approach, and patiently accumulate in stages at low points. After sufficient consolidation, BTC and ETH are expected to continue rising along the bullish trajectory.

BTC1.84%

ETH4.57%

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ContractFreelancer

· 2h ago

Buyers are holding firmly, this is the feeling of a strong institutional player. Counter-trend trading is really seeking death; I’ve been burned by this before. Waiting for a low point to accumulate gradually is the right way; don’t think about bottom fishing. The bullish pattern is already set; just follow the rhythm and take profits. This consolidation is in place, and there should be big moves ahead. The market narrative has shifted, and those still in a short position really need to wake up. The upper band of the Bollinger Bands is so tightly attached, the bulls haven't run away. Every dip is quickly supported; the bullish momentum is too strong. Brothers wanting to bet on a pullback, be careful not to get worn down to doubting life. Looking at the pattern, this move is indeed fast; the golden point level is coming.

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WalletDetective

· 2h ago

The upper Bollinger Band is so tight, the bears are really out of steam, and those in the know are waiting to pick up chips at lower points. The group that operates against the trend will eventually be ground into powder by the volatility. After sufficient consolidation and a break below, this wave will truly take off. The bulls' rhythm is clear now, and all that's left is to patiently wait for the opportunity to accumulate in batches. Every dip is instantly supported, the buying pressure is so fierce, the bears are really out of the game. The sideways digestion of the gains—experienced traders all understand this—next wave of energy buildup is right in front of us. Honestly, those still betting on a retracement now are really overthinking it.

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BankruptWorker

· 2h ago

The upper Bollinger Band is so tight, the bears are really running out of steam Bro, your analysis makes sense. I'm the unlucky guy who got worn out by going against the trend The pullback was quickly supported, the market sentiment has indeed shifted bullish, how come there are still people daring to buy the dip? Wait for confirmation of support before entering the market, don't get repeatedly shaken out and tortured Since the consolidation is so solid, the probability of a breakdown later is low

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CoffeeNFTrader

· 2h ago

Damn, my buddy is still trading against the trend, this time he's definitely going to get trapped again. The bears are already exhausted, and still holding on is really a waste of time. In this kind of market, it's better to buy in batches; don't think about bottom-fishing with that one penny. The bulls' rhythm is so clear now, why fight against the market? The strong support at the low point is impressive, and turning around to short is really brave. The Bollinger Bands upper band is just consolidating like this, the next wave is definitely coming. I've already given up, going with the trend is the most comfortable. Every time there's a quick pullback, the bears are really tired. At this point, those going against the trend will probably get their wallets worn out again.

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