Good afternoon, friends.

Currently, the daily chart of Bitcoin (BTC) is once again showing a very strong upward trend. During the trading process in the morning, its price has already soared to around the second resistance level, with an exact value of 102000. In the tug-of-war situation between support and resistance levels, we can observe that as long as Bitcoin does not break below the primary support level of 100327, its strong upward momentum will continue to be released, potentially aiming for higher price levels. However, if the price falls below this support level within a two-hour trading period, it may indicate that the market will enter a correction mode.

Regarding the current resistance level situation, once it successfully breaks through the current resistance level of 102000, there are higher resistance points above it, namely 103655 and 104648. It is especially important to pay attention to the fact that if it falls below 98746 within a four-hour trading period, the daily chart is very likely to enter a volatility phase again, at which point the overall market trend will become increasingly unclear.

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