$BTC
Let's pay attention to the market trend again
Bitcoin faced pressure at the 98500 line yesterday and fell back, then rebounded to the 94380 line, currently weakly oscillating above 95000. According to the retracement space on the four-hour chart, the current pullback can still be viewed as a correction. As long as it stays above this position, the market will maintain a strong consolidation pattern. The local pullback is also accumulating strength for the bulls. On the hourly chart, after a wave of pullback and consolidation, the market has digested the overbought pressure from the sub-chart indicators, and the short-term trend has slightly slowed down, entering a trend of recovering the fan rebound. Do not easily think that a pullback in the short term during the consolidation phase of the trend indicates a reversal; the outlook remains bullish.
Currently, Bitcoin's resistance is at 98000, and support is at 94000; Ethereum's resistance is at 3800, and support is at 3500.