Yesterday, Bitcoin surged in the morning session before pulling back, fluctuated downwards in the European session, and saw a significant rise in the US session, with the final buy orders in the evening failing miserably.

Currently, the trend, whether in the overall direction or in terms of patterns, is still in a weak position and has not yet exited the adjustment range.

Focus on the resistance effect around 99,000, and the main trading strategy for the day should still be to short at high levels, with caution in going long.

Short around 98,500, with a stop loss at 99,200, targeting downwards to 96,500.