【2025.02.08 $BTC Opinion】
Bitcoin is currently below $97,000, with a daily decline of 1.36%. In the short term, it faces resistance at $100,000, and the pressure for a pullback is increasing.
Currently, there is a clear divergence in market sentiment, with $97,000 being a key support level. If it falls below this, it may drop to $95,700. However, historical data shows that after a spike in the VIX fear index, BTC often rebounds (as seen in 2018 and 2024), and the long-term average withdrawal price from centralized exchanges around $100,356 may provide support, indicating there is still room for short-term recovery.
Additionally, last night's non-farm payroll data was generally favorable, but the market reacted cautiously, compounded by the delay in expectations for a Fed rate cut, leaving macro factors with ongoing uncertainties.
From a technical perspective, BTC's long-term target remains at $160,000. The current adjustment may present a buying opportunity at lower levels, with a short-term suggestion to monitor the stabilization around $97,000, and to adopt a flexible approach of selling high and buying low.