12.13 Bitcoin Market Analysis and Trading Suggestions
Bitcoin is relatively resilient to declines. The early market attempted to break through 100,000 but struggled to maintain high levels, with significant fluctuations observed; we need to watch the strength of this pullback.
The 4-hour chart shows a drop to 94,039 and a stabilization rebound; this position can be considered a key defense point.
After the drop, it failed to break through but instead rebounded strongly, successfully breaking through the weak downward trend line. Overall, it will still delay the upward trend.
Bitcoin is between 98,500 and 98,000, with a target looking towards around 101,000.
