$BTC

Bitcoin Market Analysis

In the short-term hourly chart of Bitcoin, the market is operating in the upper Bollinger Bands area, with prices slowly rising near the upper band.

Currently, there is resistance around 99000, and prices have slightly retreated, causing the upward momentum to pause temporarily.

Short-term signals suggest a pullback, and it is expected that there will be a decline towards the support below, so it is not recommended to blindly chase the rise at this time.

Overall, Bitcoin's trend maintains a fluctuating upward movement, and waiting for a pullback to enter long positions is more prudent, with key support at 96000.

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