Bitcoin is approaching a critical moment. The January 15th threshold is imminent, and the market is undergoing a classic Wyckoff accumulation phase test — whether it can break through this hurdle will determine the magnitude of the subsequent rally.

From a technical perspective, there are two possible scenarios: one is that the spot buying pressure strongly breaks through the resistance above the consolidation range, which means we are entering Phase D accumulation, followed by a Phase E breakout — this is the most optimistic signal. The second is that it fails to break through effectively, and the correction will continue. The key depends on how strong the buying conviction is and whether genuine breakout momentum can be formed. The recent price movements will determine the short-term directional choice.