According to the latest data, BTC Bitcoin has experienced a significant fluctuation over the past few weeks. As of the end of November 2024, the Bitcoin price started at $67,807.44, went through multiple rises and falls, and is currently priced at $93,047.52 (according to web data), indicating a high volatility in the market. Especially on the X platform on November 27 and 29, analysts pointed out that Bitcoin broke through key resistance levels in the short term but also faced the risk of a pullback.
#### **Technical Analysis**
- **Support and Resistance**: From a technical perspective, Bitcoin has shown significant support and resistance areas on the 4-hour chart. There is notable resistance between $96,000 and $98,380, and these points may be good opportunities for long position liquidation in the short term. If the price confirms at these levels, it may continue to break upwards; otherwise, the risk of a pullback is significant.
- **Indicator Analysis**: Technical indicators such as MACD and RSI show that BTC has recently experienced divergence, which is often a precursor to price adjustment. Particularly on November 25, market analysts indicated that the decline in Bitcoin might be due to funds flowing from BTC to altcoins, leading to a short-term price adjustment.
#### **Market Sentiment and Fund Flow**
- **Investor Sentiment**: Recent market analysis indicates that investor confidence in Bitcoin's long-term prospects remains intact, but there is a cautious attitude towards short-term volatility. Discussions on the X platform show that many investors are waiting for clearer market direction, especially considering that the current pullback may present new buying opportunities.
- **Fund Flow**: Analysis from X shows that there has been an increase in the flow of funds from Bitcoin to other cryptocurrencies, which may be related to the short-term peak in Bitcoin prices. Investors are advised to pay attention to the dynamics of fund flow, which may indicate a turning point in the market.