Bitcoin Market In-Depth Analysis:

Currently, the Bitcoin market is showing a stalemate in horizontal trading. Tonight, the market first welcomes a slight rebound, but then falls back again, with the decline relatively limited.

In the face of such a market, it is crucial to avoid blind actions. During the horizontal trading phase, hasty short or long positions can easily lead to being trapped, and the road to getting out often proves to be bumpy.

From a technical perspective, the upper resistance level for Bitcoin is tentatively set around 97999, while the lower support level is held at around 94000. Between these two key points, the market may continue to fluctuate.