Bitcoin has been hovering around $80,600 for nearly 5 weeks. Such a prolonged consolidation indicates that there is something brewing beneath the surface. Long-term narrow-range fluctuations usually mean that the major players are accumulating strength. Once the direction is confirmed, it often signals a breakout.

During the Christmas holidays in recent weeks, trading has been light, and volume has been sluggish. On the surface, it seems very calm. But don’t be fooled by this illusion— the real battle between bulls and bears will only unfold when liquidity becomes active again. The post-holiday return is the real point of interest.

Carefully examining the recent price movements, the key levels that the market has repeatedly contested have formed a clear support-resistance flip zone. The price has been repeatedly rejected and pulled back here, indicating that selling pressure is genuine and not just a false alarm.

Now, we just need to see if tomorrow can give a confirmation signal. The most ideal scenario is for the price to stabilize above $89,500 with volume, especially closing above this level. That would be a relatively reliable short-term bullish signal.

What if it turns sour? $86,800 is an important recent support line. If it cannot hold here and is even broken through, then be cautious of further declines. The next targets could be $85,500 or even lower. These are all points to watch.