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Bitcoin just broke through a key resistance level and is now fluctuating around $97,000. Less than 3% away from the globally watched integer milestone—$100,000.
From a technical perspective, the range between $98,000 and $98,500 is very interesting. This is where trading has been most concentrated today near the high. The closer to that integer, the more profit-taking orders from short-term traders there are, naturally forming a "psychological pressure zone."
$100,000 is not just a number. It’s a psychological threshold that the whole world is paying attention to. Once a volume breakout occurs and it stabilizes above this level, Bitcoin’s space for growth will be fully unlocked, entering a price zone with no historical reference—the true "unknown territory."
From a long-position perspective, the range between $93,000 and $95,000 is worth watching. Recent volume breakthroughs have occurred near this area, forming a dense cost zone. If the price can return to this region and stabilize, it indicates strong buying interest and desire among the bulls. In other words, this is a golden opportunity for those who missed the previous rally to add to their positions.