In the past few days, Bitcoin has been consolidating due to numerous positive factors. It's still advisable to focus on buying on dips, and not to hold short positions for too long. With altcoins not returning after going down, Bitcoin's high positions are coming back while altcoins are dropping lower, which is not a good sign. Everyone is not experiencing a wealth effect, and we hope Bitcoin can drive the altcoin market into a bull run.

Today's market analysis:

Bitcoin is currently testing the 98495 position; as long as it doesn't fall below this level, the market will continue to rise. The first level to watch above is the previous high of 995; if it doesn't break through, it will likely retrace again. If it breaks through the upper resistance levels, pay attention to the areas around 100350-101300-102450!

If today it falls below 98495, then a small-scale correction will begin, and the support levels to watch below are around 97710-96830-95795!