The technical aspect has basically recovered completely, and the market sentiment looks bullish
$97,500 is currently the key support level for Bitcoin. If Bitcoin can maintain above this level, market sentiment will continue to lean towards bullish.
Key resistance levels: $98,900 and $100,000 are two important resistance levels for Bitcoin. If Bitcoin can break through $98,900, it is expected to further challenge the $100,000 resistance level.
However, if Bitcoin falls below $96,000, it may trigger a shift in market sentiment, leading to further price declines. According to analysis, a drop below $96,000 could lead the price to slide towards $91,300 or even retest $90,000.
If Bitcoin pulls back to the $96,000 level, a long position can be opened with a stop loss at $95,000, targeting $97,500-$98,500. Ethereum can be operated in sync!