January 15th Bitcoin Market Outlook

Bitcoin has recently experienced a strong rally and is currently consolidating around 97,000. The 24-hour funding remains abundant, confirming that this upward trend is not a short-term move but supported by substantial continuous capital inflows. The current price is just a temporary pullback, making it a good opportunity to follow the trend and establish long positions.

From the 4-hour technical analysis, the price has broken through the middle Bollinger Band and is approaching the upper band; previously, when the price touched the lower band, it triggered a strong rebound, fully validating the effectiveness of the lower band support. The price is also maintaining an upward trajectory along the middle band, forming a typical bullish channel. Although the KDJ indicator's three lines are in the overbought zone, there are no signs of a turning downwards yet. Coupled with the increasing volume and upward momentum, it indicates that the bullish energy is still being released, representing a healthy overbought condition within a strong trend.

Bitcoin Trading Suggestions: Pullback around 96,000-95,300, with an upward target of 97,300-99,000.