1.6 Bitcoin Market Perspective

Bitcoin is currently in a horizontal consolidation within a range. Let's be a bit more patient; a trend change is coming soon, and the price will accelerate in the direction it breaks out.

The nearest major support for BTC is around 96,300, while the greatest resistance is above 99,000 to 101,000. Be patient, especially for those who like to trade short-term; now is not the time to chase prices, and more attention should be paid to risks.