Currently, from a four-hour perspective, after breaking upwards, it has encountered resistance at the upper track, oscillating and consolidating at a high level. There is a short-term need for a pullback, and it is not recommended to chase the rise here. The bullish momentum is weak, and the risk of chasing highs is significant, so it is advised to focus on high 🈳 instead.
Technical Analysis: The daily chart shows a large bullish candle with a long upper shadow, indicating strong selling pressure at high levels; the four-hour 'squeeze top' pattern is evident, and upward momentum is fading. After a doji at the hourly top, consecutive bearish candles suggest a peak. Bitcoin is around 97,500 🈳, with the first target at 95,000.
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Continuous attention: AIXBT DOLO MEMEFI
