The plot has oscillated for a week, and the brewing emotions are just a breakthrough that makes sense. Bitcoin's price broke through to around 97,300 last night, currently aiming for the $100,000 mark under pressure.
Technical indicators also suggest that Bitcoin may be preparing for another upward breakthrough. Recently, Bitcoin's price has surpassed its 200-day moving average, while the relative strength index remains above 50, indicating that investor confidence is on the rise. The market is looking for a triggering factor, such as positive economic data or alleviated inflation pressures, to help push Bitcoin beyond the $100,000 threshold.
Returning to the market, with the moving averages trending upwards, short-term attention for Bitcoin is on the resistance levels around 98,200 and 99,500, while support levels are at 96,000, 95,200, 93,600, and 92,500.
During the day, I personally believe that Bitcoin can oscillate around 97,000 to 97,500, looking towards 95,700 to 95,200. Conversely, one could set up a position for a downturn. For Ethereum, it can oscillate around 1,865 to 1,885, looking towards 1,815 to 1,795. Conversely, one could set up a position for a downturn.
May you ride your dreams, not waste your youth, have fire in your heart, and light in your eyes. The greatest regret in life is not failure, but what I could have been.