Bitcoin Struggles at $94,500, Are Bears Ready to Counterattack?

Bitcoin recently attempted to break through the $94,500 mark but was unable to hold in that area, with the price retreating to around $92,800, leading to increased market volatility.

Current Situation:

Bulls successfully pushed the price up to $94,500 but failed to break through, resulting in a slight decline. The current support level is around $93,100; if it breaks, it may retreat to $91,700, or even challenge the $90,500 support level.

Key resistance levels are between $94,200 and $94,500; if broken, BTC is expected to test $95,500 and $96,200, with potential for further increases.

Technical Analysis:

MACD has lost momentum, indicating a weakening of upward momentum.

RSI remains above 50, suggesting the market is not yet leaning towards bears, but caution is needed regarding the risk of a pullback.

Currently, Bitcoin is still in a 'bullish control' phase, but may face a consolidation adjustment in the short term. Investors need to stay vigilant, implement risk control, and avoid blindly chasing highs, waiting for price confirmation before positioning.

Future Outlook: A BTC breakthrough at $94,500 will ignite a new round of increases; if you can maintain a steady mindset and seize opportunities amid volatility, you could see a wave of profitable trends.

Stay rational, keep an eye on key support and resistance levels, as this is key to capturing profits amidst volatility!#TRUMP晚宴 #加密货币总市值重回3万亿 #以太坊的未来 #ADA #DOGE