Bitcoin Market Analysis

Overnight Bitcoin market rebounded as expected, with the high reaching the 98950 level, once again verifying the correctness of the long position taken at midnight.

From a daily perspective, Bitcoin has closed in the green for four consecutive days, and bullish sentiment is gradually warming up, with the price steadily climbing. If it can maintain a solid position above the middle track, it is expected to further test the resistance levels upwards.

In the short term, the market is experiencing a slight pullback, with limited strength, currently operating near the 98000 level. After the rise, the upward momentum has slowed down, and there is a need for a pullback. Although the overall trend is a fluctuating upward movement, given the reduced market liquidity over the weekend, the volatility may narrow. It is not recommended to blindly chase the rise; it is more prudent to buy after a pullback.

Trading Suggestion: Buy Bitcoin when it pulls back to the range of 97300 - 97800, targeting 98800 - 99500. During the weekend, the fluctuation may be limited, so focus on short-term trading within the 97300 - 99500 range, with a strategy to sell first and then buy to seize the opportunity.