Bitcoin's current trend looks like a classic case of "nothing ventured, nothing gained"—the old oscillation pattern must be broken to pave the way for a new upward channel. The market generally expects Bitcoin to first create a false boom, pushing up to the 100,000 level to lure retail investors, then follow with a fierce retracement, potentially dropping back to the 40,000-50,000 range.

Why is this happening? The key reason is that Bitcoin has entered a long-term consolidation phase. In this stalemate, altcoins are actually developing opportunities for oversold rebounds. The logic behind choosing altcoins is quite straightforward—look for established projects with backing from capable funds. Projects like SOL and BNB, although they have experienced corrections, still maintain ecosystem vitality and relatively stable funding.

However, there's a critical point here: can the weekly candle of Bitcoin hold above 8.9K? If it breaks below, the previous two weeks of sideways movement will lose significance, and the expected rally from late January to early February will need to be reassessed. Conversely, if the weekly closes as a doji, it essentially confirms the subsequent upward expectation.

According to the weekly rhythm, the ceiling for this rally should be around 100,000. From this perspective, the bullish thesis still holds.