Yesterday's market once again faced pressure at the 100,000 mark, and it is easy to imagine that the pressure at this position is still quite significant, requiring further retracement to gain strength.

After the decline during the day, the US market did not respond much, but rather formed a sideways oscillation at a low level, indicating that the US market seems unwilling to continue declining. Additionally, the Asian and European markets are showing signs of washing out and accumulating positions.

From the 4-hour structure chart, the market has once again shown a series of consecutive declines; however, the lower level has not been able to maintain the downward trend and has instead entered a sideways state, waiting for buying interest to come in. In the short term, it is expected to form a volatile range, with neither side showing the momentum to continue their trend, so, regarding the current market situation, it can be treated as a range-bound oscillation.

Bitcoin has retraced to around 95,000 to go long, targeting 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？