Market Analysis within $BTC 24 Hours

As shown in the figure, BTC has been on a downward trend for the past two days, but the price will soon reach the bottom support from the sharp decline at the beginning of the month.

This bottom support has already been validated twice, and if it breaks, we may see prices starting with eighty thousand.

Next is the upper resistance level of BTC, which has gradually formed three layers of trapped positions after multiple declines and rebounds. These three layers of trapped positions will create a resistance level.

For BTC to move upward, it needs to break through the resistance formed by these three layers of trapped positions, as well as a top resistance around ninety-seven thousand from the first rebound and second peak.

Only after breaking through and stabilizing above these four resistance levels can we expect BTC to start with one hundred thousand.

Furthermore, recently BTC has shown weakness compared to ETH; perhaps the focus should be on ETH-based altcoins?