This is the first full trading week of the year, and Bitcoin has been oscillating between $96,000 and $98,500 over the past weekends. The weekly close just concluded; although it hasn't crossed the $100,000 mark, the closing price for the first week has already set a new high for the year. The bulls are still very confident.

From a technical perspective, BTC has maintained above $95,000 for three consecutive weeks. This sideways movement at high levels indicates that the bottom has been thoroughly shaken out, and most of the floating supply has been washed out. The key point is that as long as there is no high-volume breakdown below $92,000 this week, any pullback can be seen as a low-entry opportunity.

On the capital side, when US stocks open on Monday, the flow of funds into spot ETFs will once again become the focus. Many institutions are likely to allocate their 401(k) retirement funds into crypto during the first week of the new year. If this wave of capital truly flows in, it could be the final push to break through $100,000.

The most interesting on-chain data—net Bitcoin outflows from exchanges are still increasing. Large holders are not in a hurry to escape below $100,000; instead, they are quietly accumulating.

In terms of trading strategy, focus on the $98,500 level. If the European and American markets can hold steady here, breaking $100,000 is highly likely this week. The strong support below is around $93,800. If it unexpectedly breaks, it may fill the lower gap, allowing for layered order placements at that time.