Crossing into the new year, Bitcoin surged above 89,500 but then retreated back to around 88,000, oscillating repeatedly. The daily chart remains quite stable on the bullish side, as long as it does not break below 87,200, there is a high probability of a wave rally in line with the New Year market. The four-hour trading volume is also gradually increasing, indicating that the bulls are continuously adding positions and accumulating strength for the upcoming breakout. Tonight's strategy is mainly to buy on dips during pullbacks.

Specifically, the 88,200 level can be directly used for long positions. If it pulls back to around 87,500, that would be a good opportunity to add to positions. Watch the 89,500 level above; if broken, the next target range is between 90,500 and 91,000.