According to news from CoinWorld, analyst Chongfeng Duck Army stated on X that based on the latest market data, the daily chart for Bitcoin shows a small bearish candle with upper and lower shadows, and trading volume has increased by more than double compared to the previous day, indicating a high-level volatile market situation. In terms of technical indicators, the daily MA30 line continues to maintain an upward trend, however, the MACD indicator shows an increase in bearish momentum above the zero axis, placing the market in a seriously overbought condition, with potential for continued volatility in the short term. On the hourly level, the market exhibits rapid short-term rises and falls, and traders should exercise extra caution when operating contracts. Although Bitcoin maintains its current state, Ethereum's ongoing strength may drive activity in the altcoin market. For the altcoin market, investors should be bold in entering when prices drop, as altcoin price movements are fast and unpredictable. Currently, Bitcoin's daily resistance levels are between 98,800 and 126,000, with support levels between 93,400 and 82,900. From the hourly analysis, the market is experiencing a series of rebounds, and prices may retrace towards the 8-hour EMA52 line. Short-term trading strategies suggest going long at positions of 93,400 and 90,260, and considering shorting at the 98,200 position. Additionally, analysis from the liquidation heat map indicates a large number of short positions awaiting liquidation in the 97,500 to 98,000 range, while there is substantial support from long positions in the 94,350 to 92,700 range.

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