In the next 24 hours, the price of $BTC may experience significant fluctuations due to current market factors:
1. Recent trend: Bitcoin has broken the $100,000 mark but then pulled back below this level, currently fluctuating around $95,000. This could be a sign of profit-taking pressure from long-term investors, but technical signals still indicate a certain stability in the market.
2. Support and resistance: A strong support level is forecasted around $94,000, while significant resistance is at $98,500. If the price holds above the support level, it may continue the upward trend. However, breaking below this support could lead to a deeper decline.
3. Psychological factors: Although there is some selling pressure from individual investors, large institutional investment funds are still actively buying BTC. This is an important supporting factor that helps reduce the likelihood of a sharp decline.