Let's talk about the market trends again in the evening. Currently, Bitcoin has dropped to around 97500 and started to stretch. Compared to my previous mention of relying on the 97400 support for bullish sentiment, there’s no problem with that. However, relatively speaking, the pullback strength is not as significant as that of Ethereum and Dogecoin.
In the evening, Bitcoin is still focusing on the resistance around 99000. It’s better to look for a gradual increase. Next week, we will see if it can break through 100000. We should still pay attention to the resistance situation around 98900-99000. If it rises first in the evening, it would be worth considering a light short position at the resistance point to take some profits. However, personally, I still suggest patiently waiting to go long at lower levels; it’s best to follow the trend!
Today, the fluctuation has not been large, so those who entered at lower levels can take profits by reducing their positions or exit entirely; either way is fine. We will focus on tomorrow's opening.
I am Hongding. If you have questions, lack direction, or have been struggling with long-term trading, feel free to leave a message in the comments section. I will reply as soon as I see it. Thank you all for your attention and support. Don’t miss the live stream tomorrow night at 9 PM! $BTC #比特币走势观察