#BTC Market Analysis

After experiencing adjustments over the weekend, BTC has once again surged to the key resistance level of 99600 in this round of rebound. This position is also an important point of the Fibonacci retracement line at 0.618, which has strong technical significance. If it can successfully break through, it is expected to initiate a new wave of upward momentum and may challenge the 110000 mark!

However, if the 99600 line continues to exert pressure, BTC may enter further adjustments, and the overall trend may remain within a rectangular adjustment range, while market funds may gradually shift to ETH and altcoin sectors.

Key Levels to Watch

Upper Resistance:

99600 (Current key resistance level)

103000 (Higher level important resistance)

Lower Support: 97500, 96800

In the short term, it is essential to focus on the breakthrough situation at 99600 and the accompanying trading volume, as this will determine the direction of subsequent trends.