BTC盘面分析

Bitcoin (BTC) has shown significant volatility in the 4-hour price trend, with frequent breakthroughs and pullbacks. We can see that BTC broke through $98,500 starting yesterday and has successfully broken through 6 times, but at 7 AM today, Bitcoin initiated the seventh breakthrough. If the price fails to stabilize at this point, it may fall back to the support level of $92,000.
Recent Price Trend Review
From December 18 to 20, Bitcoin's price experienced a significant drop, especially falling sharply from $106,074.6 to $97,144. By observing the candlestick chart, we can see that long upper shadows and large bearish candles appeared in the 4-hour candlestick level, indicating heavy selling pressure in the market, and there is still considerable downward pressure in the short term.