The Bitcoin market has been in a trend of volatile upward movement, rising from the low point around 96756 to the high point around 98662, followed by a slight pullback.

From the four-hour perspective, the market has broken through the upper Bollinger Band and reached previous highs, but it has not surpassed those highs, indicating an increased likelihood of a short-term correction. The medium-term upward trend is looking good, especially with the support from the short-term moving averages. Currently, the bulls hold a certain advantage in the short-term trend, but it is worth noting that the recent high movement has not broken through the previous high of 98800, which is also an important resistance level that has been tested multiple times. If the market cannot stabilize above this level, a pullback is expected. In terms of operations, it is advisable to consider waiting for stabilization before making any moves, and if opportunities arise later, one might consider placing high-position orders to prepare for potential rebounds.

This morning, Bitcoin can be traded between 98500-99000, with a target of 97000.#比特币 #以太坊 #合约