#美联储回购协议计划 Bitcoin has been hovering above $80,600 for nearly 5 weeks. Behind this prolonged narrow fluctuation, the market is actually accumulating strength for a breakout.

Light trading during the Christmas holiday is one thing, but don’t be fooled by low trading volume — it doesn’t reflect the true bullish or bearish stance of institutions. When the main capital returns from the holiday, the market’s contest will officially begin.

The key area of repeated contention over the past few weeks has already been exposed, forming a typical "support-resistance swap zone." The price has repeatedly encountered resistance and fallen back in this zone, indicating that selling pressure indeed exists.

From a trading perspective, the best confirmation signal is if the price can hold above $89,500 tomorrow, especially if the closing price does not break this level. If this can be achieved, the short-term bullish outlook will be relatively clear.

But don’t be too optimistic — $86,800 is the recent bottom line support level. Once broken, caution is needed as it may continue to seek support lower, with $85,500 or even lower areas potentially becoming the next support points. That’s how the market works; opportunities and risks often go hand in hand.