#BTC

BTC Market Analysis

After the adjustment over the weekend, Bitcoin has rebounded to the high-pressure point of this wave around 99600, which coincidentally is the Fibonacci 0.618 level of this adjustment. The significance of this level will become even more important; a successful breakout could lead to a new wave of upward momentum, potentially pushing towards the 110,000 mark!

Conversely, if pressures continue here, Bitcoin will continue to adjust, with the overall trend presenting a rectangular adjustment range, and funds shifting to Ethereum and altcoin markets.

Currently, the focus is on the pressure level of 99600 above, with an even higher pressure level at 103000! Below, we should pay attention to the levels of 97500 and 96800!