$BTC
Let’s focus again on the market trend
The big coin faced resistance and fell back from the high of 98500 yesterday, then retraced to around 94380, currently oscillating weakly above 95000. Based on the retracement space on the four-hour chart, we can still view the current pullback as a correction. As long as it stays above this level, the market will maintain a strong consolidation pattern. The local pullback is also accumulating strength for the bulls. On the hourly chart, after a wave of pullback consolidation, the market has digested the overbought pressure of the auxiliary indicators, and the short-term trend has slightly slowed down and has entered a rebound trend. Do not easily think that a pullback in the short term means a trend reversal during the consolidation phase of the trend; the outlook remains bullish.
Currently, the big coin's resistance is at 98000, and support is at 94000; Ethereum's resistance is at 3800, and support is at 3500.