In the analysis of the technical architecture, both the long and short sides have not shown sustained strength. Although there are signs of a rebound in the coin price in the short term, with several upward pushes, there is a lack of sufficient momentum to break through the resistance, and signs of pressure are gradually emerging above. The slight decline seen at the end of the night indicates a trend of being blocked at the highs and pulling back. Therefore, the focus should be on whether the price rebound can break the 98000 level.
Currently, the hourly level coin price is below the middle track. If a rebound occurs in the early morning, it would be an opportunity to short at a high and capture profits from the pullback.
In terms of operation, it is recommended to look at the range of 97800/98300, and watch for 96000/95000.