Bitcoin roller coaster, will you ride?

Reason for the pullback: Dragged down by the correction of the three major U.S. stock indices, Bitcoin has dropped back to the prices of the previous two days, and the gains have been completely erased.

Key levels: If the daily line can close above $98,400, the short-term upward trend remains robust, and important resistance levels are still worth paying attention to.

Market fund dynamics: In the past 24 hours, there has been a liquidation of $540 million across the network, mainly affecting long positions.

There is a large amount of high-leverage speculative funds in the market, and the pullback helps to clear out these “greedy chips.”

Do not panic due to short-term fluctuations; focus on the key trends over the next two weeks, rather than daily fluctuations.