$BTC
BTC rebounded yesterday but was unable to break through the 100,000 point mark, retracing to around 97,200, with not much strength. Overnight, it surged strongly again, breaking new highs to around 99,650, just a step away from 100,000 points.
From a technical perspective, the daily and higher timeframes still show a strong bullish trend, but there is still a risk of a top divergence on the 4-hour chart, so special attention should be paid to the strength of the retracement here. During the day, the first focus is on this retracement, with short-term support around 97,500.
If it can hold above 96,500 over the weekend, the 100,000 point mark will definitely be broken, and it will happen soon. After the breakout, the target is around 102,000.
In terms of operations, the main strategy remains to buy on retracements, while short positions should only be entered after smaller scale divergences. Focus on the 100,000 point threshold, with a short-term approach.
BTC retracement at around 97,500 for long positions, target 100,000.