$BTC

After successfully hitting 100,000 USD yesterday, BTC quickly fell back, reaching a low of 90,500 USD, and is currently rebounding to 97,800. This trend aligns with yesterday's prediction, confirming that before significant psychological pressure points, the market usually requires time to digest emotions and build strength.

The short-term correction not only reflects the market's sensitivity to the psychological barrier of 100,000 USD but also indicates a temporary lack of funding driving power.

From a market structure perspective, emotions remain overheated, and the market is undergoing a healthy digestion process.

From a technical standpoint, the lowest point of 90,500 yesterday is a key short-term support level. The strong rebound in this area indicates that buying power is still active; although market sentiment has been frustrated, it has not been completely shattered.

Currently, the price has re-established itself above 97,000, showing that bulls still have the ability to maintain market confidence in the short term. The risk of a MACD daily high crossover still exists, indicating insufficient upward momentum in the short term, but the mid-band of the Bollinger Bands is still running around 97,350, suggesting that the market is likely to experience fluctuations around this range.

The current focus of the market is to confirm whether 90,500 becomes an effective short-term bottom. If the price steadily rises above 99,000 with increasing trading volume, BTC may have another opportunity to attempt to break through the 100,000 USD mark. However, if the price falls back and breaks below the 95,000 support, it may further test the 92,000 or even 90,000 areas, which will test the true strength of the bulls.

In my personal judgment, BTC still possesses a solid logic for upward movement. The market may experience repeated fluctuations in the coming week to build momentum for future higher targets.