Yesterday, the market was once again under pressure at the 100,000 mark. It’s evident that the pressure at this position is still quite significant, and further pullback is needed to gather strength.

After the drop during the day session, the evening session did not react much and formed a sideways fluctuation at lower levels, indicating that the evening session seems reluctant to continue the downward trend. Moreover, the Asian and European sessions are showing signs of a washout and accumulation.

From the 4-hour structure chart, the market shows a continuation of declining candles; however, the downward trend could not sustain and instead entered a sideways state, waiting for buy orders to come in. In the short term, a fluctuating range is expected to form. Both bulls and bears currently lack the momentum to continue their trend, so given the current market conditions, it can be treated as a range-bound market.

Bitcoin has pulled back to around 95,000 for long positions, with a target looking towards around 98,000. #.BTC #ETH #2025有哪些关键叙事？ $BTC #2025有哪些关键叙事？ #BTC上攻11万？