After Bitcoin returned above 100,000 USD, it did not continue a stable and sustained rise, but instead experienced violent fluctuations between bulls and bears in the last week, with frequent flash crashes. The day before yesterday, it quickly dropped by 7,000 USD, then rebounded and even broke the high point of 102,500, but again pulled back to around 102,000 without stabilizing. In the early morning, there was a drop that fell from 102,000 to 99,300. The impact of data is one aspect; the U.S. November PPI exceeded expectations, taking advantage of the negative data for rapid ups and downs, along with the U.S. CPI inflation rebounding to 2.7% on Wednesday, which may affect the Federal Reserve's attitude towards interest rate cuts.

Currently, continue to pay attention to the resistance at 100,900-101,000 above. Recently, during the European and American trading sessions, there has been a habit of rising first, then dropping in the early morning. Today is Friday, so beware of a bear market counterattack. The support below is at 99,000, with a key level at 98,000.