ChainThink report, December 19: Chinese crypto analyst Banmuxia released a video stating that Japan's rate hike has already been fully priced into the market, and the future interest rate path remains to be observed.

Banmuxia reiterated two essential prerequisites for being bullish on Bitcoin: expansion of the Federal Reserve's balance sheet and Bitcoin's technical structure currently in a horizontal consolidation phase. Through technical analysis, Banmuxia believes the key resistance zone for Bitcoin lies between $98,600 and $107,000, with $112,500 representing a strong resistance level, though the market dynamics during this period are expected to be highly complex.