Yesterday, Bitcoin quickly rebounded after testing the support at 96500, breaking through the key resistance level of 97500, and reached a high of around 98900. From the trend, market bullish sentiment is relatively strong, but in the short term, attention should still be paid to the strength of the pullback support. If Bitcoin pulls back and stabilizes in the range of 97500-98000, consider gradually building long positions, with a short-term target looking towards 99000 or even the round number of 100000. If it breaks below the support of 97500, caution is advised, and it is not suitable to blindly chase long positions; wait for clearer rebound signals. At the same time, today is Saturday, and the market is relatively quiet, with a higher probability of fluctuations, so avoid chasing highs and cutting losses.

As Bitcoin approaches the 99000 mark, altcoins are starting to show significant recovery, and market sentiment is gradually becoming more active. In particular, the meme sector is performing outstandingly, and yesterday's prediction that "altcoins are ushering in a recovery opportunity" has been validated. From the flow of market funds, some mid-to-small market cap coins are attracting capital inflow, and there may be further upside potential in the short term.

Currently, bullish sentiment dominates the market, but weekend capital activity is limited, so overall patience is needed to wait for a breakthrough at critical levels. If Bitcoin can successfully break through the 99000 mark, it will bring further upward momentum to other mainstream coins and altcoins, and the market may welcome a new round of correlated trends.

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Support levels

97500 96000