Personal views based on current BTC price trends and latest news

The chart shows that after a significant rise earlier today, BTC is hovering around $97,000 but facing some pullbacks, potentially testing the support level near the 99-period EMA ($95,916). Indicators like MACD suggest a weakening momentum, with a bearish crossover forming, while KDJ indicates oversold levels, suggesting that if buyers step in, a recovery may occur in the short term.

BTC recently set a historical high of $97,000, thanks to strong institutional inflows (e.g., BlackRock ETF receiving $627.7 million) and a broader bullish sentiment following the halving. Given the strong historical performance in November, it is predicted that BTC may continue to rise to $100,000 by the end of this month. However, the market leverage is high, and any adjustments could trigger deleveraging.

Upside potential: If BTC maintains support at the 99-EMA and buying momentum increases, retesting the $98,000-$99,000 range is reasonable, with continued push towards the psychological resistance level of $100,000.

Downside risk: A drop below $95,500 could lead BTC to further retrace to the support range of $92,000-$93,000, as leverage resets may exacerbate downward pressure.