Recently, Bitcoin has been fluctuating at a high level and rebounding weakly. From the four-hour perspective, Bitcoin's four-hour level is blocked in the short term at the $98,000 level above. The $104,000 level above Bitcoin is a short-term strong resistance. The $92,000 level below is Bitcoin's first support. Bitcoin's four-hour level did not quickly pull back, indicating that short-term funds from major institutions have signs of outflow from Bitcoin, which is a good thing for Ethereum and cottage industry.

From the daily level, Bitcoin's daily level has begun to weaken, and there is a need for further retracement. The daily level of Bitcoin above failed to break through and stabilize at the $98,000 level again. The funds of major institutions will not increase Bitcoin significantly in the short term, and retail investors' buying has also weakened. Once Bitcoin retreats, there is a high probability that more than 80% will further test the strong support of the $85,000 level below.

I personally think that the overall market liquidity is too poor recently, and the volatility is too small, which shows that retail investors in the market are seriously insufficient. This is due to various risk control reasons, so only when Bitcoin retreats will funds flow into Ethereum and altcoins, and only then can the market be re-boosted. #本周微策略是否继续增持BTC？