Today's Market Analysis $BTC
After spending 38 hours rising from 87000 to around 91000, $BTC quickly fell again. 91000 is a clear resistance level. In the past two days, analysts have pointed out that if this resistance level can be broken, Bitcoin may aim for the significant milestone of 100000 USD. I believe it is still better to continue observing.
BTC has been trading sideways in a narrow range for 2 weeks, making it difficult to determine the short-term trend before it moves in a direction. However, in the medium to long term, it is still a bear market for half a year to 1 year, followed by a bull market. There will also be rebounds during the bear market, such as the one I've been waiting for, which is a rise to around 98000.
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After spending 38 hours rising from 87000 to around 91000, $BTC quickly fell again. 91000 is a clear resistance level. In the past two days, analysts have pointed out that if this resistance level can be broken, Bitcoin may aim for the significant milestone of 100000 USD. I believe it is still better to continue observing.
BTC has been trading sideways in a narrow range for 2 weeks, making it difficult to determine the short-term trend before it moves in a direction. However, in the medium to long term, it is still a bear market for half a year to 1 year, followed by a bull market. There will also be rebounds during the bear market, such as the one I've been waiting for, which is a rise to around 98000.
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