#比特币 encountered resistance at $99,000! 🐂 or 🐻？
According to ChainCatcher, BTC faced strong pressure around $99,000, with major holders accumulating sell orders worth $62.51 million above this price point, at an average price of $99,001.9. This indicates that large funds are remaining cautious at key levels, possibly due to risk control or considerations for taking profits at this stage.
During the early session, BTC once climbed to $99,414, triggering a surge in trading volume, but ultimately failed to hold its ground, with the price retreating below $99,000. Market sentiment is nuanced: while bullish forces are evident, it seems that a short-term breakout still requires momentum accumulation.
🔑 A few points to pay attention to:
1️⃣ The $100K psychological barrier: This is a long-awaited target for the market, but it may also be the 'ultimate battlefield' for bulls and bears.
2️⃣ Changes in trading volume: Increased trading volume has not led to a sustained breakout, indicating that bullish momentum in the short term may be somewhat lacking.
3️⃣ Influence of the macro environment: With fluctuations in Federal Reserve policy expectations and institutional capital inflows, whether BTC can continue to advance remains to be seen.
🚨 Investors need to be aware of risks: The possibility of high-level fluctuations is increasing, so caution is advised when chasing prices, and it's important to set reasonable stop-loss levels.
👉 Is $100K the endpoint, or the starting point for the next bull market? What are your thoughts?
Feel free to share in the comments! 💬
