From the analysis of the current market situation, yesterday's Bitcoin experienced a price surge followed by a pullback, indicating that it still faces significant resistance in its upward climb. As it is the weekend, market trading is relatively light, making it quite challenging to break the existing oscillation pattern in the short term.
Recently, Bitcoin has attempted multiple upward breakthroughs but has failed to achieve decisive results, subsequently entering an adjustment phase. Observing the four-hour technical chart, it can be seen that it has touched the lower edge of the downward channel, although the round number of one hundred thousand points shows some support stability. Based on this, our trading strategy this Sunday will continue to act flexibly according to the pressure levels above.
