BTC is currently fluctuating around 97k, and this trend is completely consistent with previous analyses. After effectively breaking through the key resistance level at 94k, the price entered a consolidation range of 97k-98k.
From a daily chart perspective, the current upward momentum appears somewhat weak. If the daily candle continues to close positively, there is a possibility of pushing towards 98k or even 100k tomorrow (provided that the US stock market does not falter and continues to rise). Conversely, if signs of weakness appear on the daily chart, a pullback to test the 95k-96k range is also highly likely.
Ultimately, it depends on the US stock market's performance and whether the daily momentum can be maintained.
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Ramen_Until_Rich
· 8h ago
The US stock market has become the daddy again; if the daily chart is weak, we just have to accept it.
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MEVHunterWang
· 8h ago
97k Here, it's all about repeatedly sticking needles. When the US stock market coughs, the crypto circle catches a cold. It's really a bit annoying.
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ImpermanentPhobia
· 8h ago
How likely is it that the US stock market will drop? I bet it won't today, so I don't even want to look at the 95k.
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ChainWanderingPoet
· 8h ago
That 97k hurdle still seems to depend on how the US stock market performs.
BTC is currently fluctuating around 97k, and this trend is completely consistent with previous analyses. After effectively breaking through the key resistance level at 94k, the price entered a consolidation range of 97k-98k.
From a daily chart perspective, the current upward momentum appears somewhat weak. If the daily candle continues to close positively, there is a possibility of pushing towards 98k or even 100k tomorrow (provided that the US stock market does not falter and continues to rise). Conversely, if signs of weakness appear on the daily chart, a pullback to test the 95k-96k range is also highly likely.
Ultimately, it depends on the US stock market's performance and whether the daily momentum can be maintained.