Today's Market Deep Analysis:
In terms of BTCUSDT, Bitcoin shows a trend of being under the control of bears at the 4-hour level.
In today's market movement, special attention should be paid to the key level of 98200. Only when the price stabilizes above this level can we expect the 1-hour level to start a rebound process.
Regarding the upper target and resistance levels, we need to pay attention to the key positions around 99520, 101656, and 103090.
It is worth emphasizing that in today's 4-hour trend, only by successfully stabilizing above 99520 can this round of correction be deemed formally over.
Conversely, if we cannot successfully stay above 98200 today, the rebound strength will be extremely weak, and it is highly likely that the downward trend will continue.
On the support level below, we need to closely monitor the positions around 96421, 95400, and 94332.
Once the price falls below 96421, the daily level will enter a correction mode, at which point Bitcoin's overall market trend may face more severe tests and changes in structure. Investors need to remain highly vigilant and promptly adjust their trading strategies.
