$BTC
Don't chase high prices! Around 97800 is the recent ceiling!
Once the price rises to 97600, it won't go up anymore; the key is that the trading volume is decreasing. Even if it rises again, it won't exceed around 98600.
In the coming week, it will hover around 97000 for a few days, and then it will head down. Why bearish?
This time the price rebounded in a V-shape, and when it drops, it will likely be just as decisive. The first wave of correction will at least reach 91000, and if it’s more severe, it could directly hit 87000 - 85000.
Key points for everyone:
Resistance levels:
97400 is a strong short-term resistance; if it can't break through, don't fantasize about a big rise.
98200, 98500; if encountered, it’s time to consider reducing positions.
Support levels: If 96000 can't hold,
the next support is at 94800; if it breaks again, it will head straight for 91600. If these price levels are breached, the market will really head downward.
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