$BTC

Let’s take another look at the market trend

After several days of continuous rise, the big coin finally experienced a pullback yesterday, as expected, returning to the 97135 line. It is currently fluctuating above 98400. From the current market perspective, although there has been a pullback, it is merely a short-term impact and has not affected the reversal of the trend. The bulls still maintain their stance. Whether it can break 100,000 depends on whether the key position at 99000 can hold and if the bulls remain strong. Looking at the 4-hour level closing situation, if it closes above this line, then it continues to look up to 99650 and beyond 100,000. Conversely, if it closes below this line, pay attention to the support level around 97000.

Ethereum also changed its previous sluggish trend yesterday, rising to 3350 and then slightly consolidating. In the evening, it finally exceeded the high point of 3450, returning to around 3500 for a pullback, and is currently fluctuating around the 3430 line. It is evident that Ethereum's strength is driving many altcoins to catch up.

Currently, the short-term pressure for the big coin is at the 100,000 line, with support at the 97000 line; Ethereum's short-term pressure is at 3500, with support at the 3300 line.