Bitcoin was expected to stand firmly above $98,000 in the short cycle, and its price once approached $100,000. This price formed a strong resistance level, and Bitcoin failed to successfully break through and stand firm.
Coincidentally, the Ethereum theft incident caused market panic to spread, and the price of Bitcoin fell sharply under the influence of this, returning to the previous range of fluctuations.
In terms of subsequent operations, buying on dips in the range of $94,000 to $95,000 is a more stable strategy that can better balance risks and returns.
