Let's take a look at the current market trend of Bitcoin (BTC). Yesterday, the BTC price experienced a deep pullback, hitting a low of 92,800 points, with an adjustment range exceeding $6,000. However, the altcoin market did not follow with significant fluctuations, which may indicate that altcoins are about to enter a phase of strength. Currently, the BTC price has rebounded to around 94,500. We note that the support at the 91,000 level remains strong, and the overall market trend shows high-level fluctuations.
After yesterday's pullback adjustment, there are signs today that the market will experience a certain degree of rebound. Although it seems challenging in the short term, this pullback may be accumulating strength for the upcoming rise. If the current foundation can be stabilized and successfully rise, the goal of reaching 100,000 points will be within reach.
Attention should be paid to the dynamics at the 97,500 point, as it is expected that the BTC price will fluctuate within the range of 97,500 to 93,000. For aggressive investors, the current price at 94,500 can consider upward operations, with the first target set at 97,000 points.
When executing trades, please ensure to set a stop-loss at 93,500 to keep the risk within a manageable range. Overall, the market fluctuations align with the expected adjustment process. Although the current trend seems complex, the overall direction is clear. Please remain calm, make cautious decisions, and allocate assets rationally.