2024-12-5 BTC Market Trend

Currently, Bitcoin has broken through the high of this consolidation zone today and has surged to over 100,000. Bitcoin is currently consolidating at this level; if it doesn't break the 1-hour pullback level of 98,763, it will quickly initiate the next round of long positions.

If you have laid out spot or long-term positions, it is advisable to pay attention to the support level below: 98,763.4. If this level holds, it will quickly restart; however, if it breaks below this level, there will be a deeper pullback, so just keep an eye on this level.