#btc

From the perspective of January 7, here is a simple analysis of Bitcoin (BTC):

Current Situation:

• Price: 101,810.50 USDT, up 2.65% from yesterday.

• 24-hour Volatility: Highest 102,724.38, Lowest 98,709.28, indicating significant price fluctuations.

• Trading Volume: 24-hour trading volume of 24,377 BTC (approximately 2.461 billion USD), with very high market activity.

Technical Analysis:

• Support Level: Short-term support around 98,700; maintaining this position will sustain bullish strength.

• Resistance Level: The area from 102,700 to 104,000 above is an important resistance; a breakout may lead to further increases.

• Trend: Based on a 90-day increase of 63.93%, BTC is still in a strong upward channel.

Market Sentiment:

• Current sell orders account for 83.23%; bulls need to be cautious, but the overall upward trend remains.

• Long-term investors should note that the current level is close to historical resistance zones.

My Advice:

Short-term operations should focus on the breakout situation at 102,700; if it breaks out, consider chasing the long position; otherwise, wait for a pullback to near the 98,700 support to enter.