In-depth analysis of the bitcoin market:
At present, the bitcoin market is stuck in a stalemate. Tonight, the market fell slightly, but then rebounded. Fortunately, the decline was relatively restrained.
In such a market, it is not wise to act blindly. If investors rashly go short or long during the sideways period, they will most likely be "trapped", and it will be even more difficult to get out of the trap later.
From a technical perspective, 97999 constitutes the current upper resistance level of bitcoin, and the lower support level is maintained at around 94000. It can be foreseen that within the range framed by these two key points, the market volatility will continue for a while.
