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#BTC Hello everyone, I am Majii. Today is January 3, 2025, Happy New Year. Bitcoin has been in a consolidation cycle for over 2 months, and the consolidation period has extended beyond our parallel downtrend channel. Therefore, we need to reconsider our judgment basis. From the four-hour timeframe, Bitcoin is very likely to have formed the left shoulder and head of an inverse head and shoulders pattern, and the probability of continuing this pattern is high. Therefore, in the short term, we mainly look for long opportunities.
The box consolidation cycle may continue for a while longer, but after such a long period of sideways movement, I believe Bitcoin will soon find a new direction again. In the short term, we should focus on whether the resistance level at 90,500 points is broken. If it is broken, we can consider going long appropriately.