Morning Analysis on 2.23

The market continued its oscillating pattern over the weekend, with Bitcoin's fluctuations narrowing and no directional breakthrough in the overall trend.

After rebounding from 94800, Bitcoin is currently hindered by the key resistance level at 97000.

Bullish momentum appears insufficient; if it cannot effectively break through 97000 during the day, it may retrace again.

Support below is focused on the 95500-96000 range.

Xing Tao suggests: Short Bitcoin in the 97000-96500 range, targeting 96000-95500.