📊 Market Overview (January 4, 2026)

📍 Key Price Level Analysis

Near the current price point, the market focuses on the following important technical levels:

· Resistance Levels:
· $3,120: Key 0.618 Fibonacci retracement level. Analysts believe a valid breakout above this level is necessary to confirm a short-term bullish trend.
· $3,200 - $3,500: A more significant resistance zone. Breaking through this area could open up greater upside potential.
· Support Levels:
· $2,950 - $3,000: Recent critical support zone. The price needs to hold this range to avoid deeper corrections.
· $2,400 - $2,500: A more important long-term support. If broken, many of the current bullish patterns will become invalid.

💡 Trading Strategy Reference

Based on the above information, strategies for different trading styles have different focuses:

· Short-term/Intraday Traders
The current market is at a critical decision point. Until the price clearly breaks above $3,120 or falls below $2,950, the market may continue to oscillate.
· Possible approach: Consider high selling and low buying within the $3,000-$3,120 range, but operate with small positions and strictly set stop-losses.
· Key action: Closely monitor the test results around $3,120. A volume-supported upward breakout can be seen as a short-term buy signal; conversely, if resistance causes a pullback and the price drops below $3,000, the short-term structure may weaken.
· Medium to Long-term Investors
Multiple analyses indicate that a bullish "bullish flag" pattern may be forming on the weekly chart, with higher long-term target levels.
· Possible approach: View the current price as part of a consolidation and bottoming phase. Consider deploying in stages around key support levels (such as near $2,950), but set stop-losses below the strong support zone of $2,400-$2,500.
· Key confirmation: Trend confirmation requires the price to stabilize above $3,200 on the weekly chart, accompanied by sustained increasing volume.