In the cryptocurrency market, Bitcoin has once again surpassed $100,000, with an appreciation of over 4% in the last 24 hours, driven by US macroeconomic data that favored the recovery movement. On the 4-hour chart, Bitcoin has been recording higher highs and higher lows over the past few weeks, forming a relatively narrow rising channel.
If the lower line of this pattern is broken, it is possible that the price will fall to the support region of $90,000. However, considering the current situation, this pessimistic scenario seems unlikely.
Despite Bitcoin's slow recovery to the $100,000 level, the sentiment in the futures market remains cautious.