$BTC Bitcoin Market Analysis

From the daily chart, Bitcoin has consecutively formed long upper shadows, indicating that there is significant selling pressure above the current price level, and the market's rebound momentum is limited.

Currently, bulls have been trying to break through upwards but have encountered significant resistance each time; the price has not effectively broken through.

The community is considering opening a short position at 97000 with a profit-taking target down to 95800. The key support level to watch below is 95000; if it breaks, the target will be adjusted to 93000 to 91000.

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$BTC