On the morning of January 15th, Bitcoin entered a high-level consolidation phase around 97,000 yuan. This rally has been quite fierce; from the 4-hour chart, the price has been climbing along the upper band of the Bollinger Bands. Although there have been a few bearish candles retracing, each time the price was quickly pulled back, indicating strong buying momentum.

From a technical perspective, the Bollinger Bands remain in an upward trend, with a well-structured moving average alignment, indicating a classic bullish pattern. The momentum indicator is also still in the positive zone, suggesting a strong overall trend. However, there's a detail worth noting—after consecutive days of gains, the upward energy appears to be waning, and the risk of short-term chasing increases. Therefore, it’s not recommended to be too aggressive in operations, as it could lead to being caught in a trap.

Today's strategy suggestion is: don't rush to chase the highs; instead, wait for a pullback opportunity. Both bulls and bears have some chances, and it all depends on how you grasp the rhythm.

Specific suggestions:
• If the price falls back to the 95,000 to 94,000 range, consider entering long positions
• If it rebounds to around 98,000 to 99,000, consider participating in short positions

Keep an eye on the correlated movements of Ethereum and Ripple as well.