Daily level: It has been rising from the lows in September-October 2024, breaking through $100,000, and is currently fluctuating at a high level, but the daily high of $108,366.80 has not been broken again and is still hovering below the previous high.
Hourly/4-hour level: There was a significant rebound near $90,000, and then the trend went all the way up to $100,850. It is currently fluctuating back and forth in the range of $99,000-100,000. The short-term moving average (such as 1-hour and 4-hour MA10, MA20) is likely to remain upward, but the price is close to the integer mark of $100,000, and the fluctuation will be more severe.
Volume performance
From the volume column, when the price repeatedly broke through key positions (such as around $95,000, and later $98,000-100,000), the trading volume was relatively enlarged, indicating that the bulls were willing to enter the market, but the high-level volume also slowed down to a certain extent, suggesting that the momentum to continue to rise is weakening or waiting for new news stimulation.
Key points
Resistance level: $100,850-101,000 is near the previous high, and it is also the selling pressure area currently encountered by bulls on the top. If it can continue to break through with large volume and stand firm on the top, it is expected to further attack $105,000 or even the previous $108,000 +; if it cannot break through this range, it is easy to fall back in the short term.
Support level: 99,000-99,500 USD is the primary support area below the integer mark. If it fails to hold, there will be some room for short-term decline; 97,000-96,000 USD is an important position for multiple rebounds in recent fluctuations. If it falls further, the market will weaken in the short term. $BTC
