The short-term bottom seems to be about to form, if we try to test it again, we can refer to the $88k-$92k area, but clearly the $94k+ area is quite well consolidated.

Bitcoin price is under 2 important pressures: the Trump event still has many variables and Vietnamese people (the group celebrating Tet) all have accounts of several million to several hundred million $$$ (I see a lot of bragging so I think so) are liquidating to get money to ensure the pot of banh chung has meat.

During this period, the Bitcoin market is mainly led by large investors and long-term holders and ETFs (the number of Bitcoins on the floor decreases), so according to speculation based on spiritual factors, when everyone is busy celebrating Tet and busy going to the temple to pray for Bitcoin to pump $1M, the liquidity on the floor may dry up even more and Bitcoin will pump :)))