Currently, Bitcoin (BTC) is facing resistance at the $97,000 level within the four-hour timeframe. Recent market trends have been oscillating between $95,000 and $98,000. The overall market attitude reflects neither blind chasing of gains nor greedy shorting, a trend that has been fully manifested recently.
In terms of intraday short-term analysis, the immediate resistance is at $97,200. If this price can be effectively broken, attention should continue to be paid to the price movements at higher levels of $97,600, $98,000, and $99,000. On the downside, short-term support is at $95,000. If the market price falls below this support level, close attention should be paid to price changes at $94,400, $93,500, and $92,900.