After a weekend break, if Bitcoin closes at this position on the weekly chart, the upward momentum will increase again, providing the entire market with a chance to breathe.
The current market structure shows considerable stability, releasing positive signals that indicate a stop in the decline and a trend toward stability.
The market is making a strong correction through horizontal consolidation in the high price range rather than a direct pullback, which further confirms that the overall trend remains strong.
The short-term resistance levels above are 101800 and 103500. If demand in the evening session expands further, then we can follow the trend and maintain a bullish outlook.
In terms of operation, it is recommended to buy Bitcoin around 98300-98800, with a stop-loss at 97500 and a target of 101500.