**Bitcoin Market Analysis**



At midday, Bitcoin hit a new high again, and the momentum is quite good. However, there is a bit of regret—just a few dozen dollars away from reaching the 98,000 level. Currently, a pullback has occurred due to resistance at this level, which is normal; there's no need to worry excessively.

The 98,000 level is very critical—either it breaks through or, once it stabilizes on the daily chart, a reversal could happen. Reflecting on the previous decline from 98,000 to 80,000, if it can establish a foothold here, reaching 100,000 for Bitcoin should be just around the corner.

From a technical perspective, Bitcoin previously formed a false breakout of a bearish flag pattern, followed by a Evening Star candlestick, indicating that a correction is needed. Even a rise from 90,000 to 98,000 and then a pullback of about 3,000 dollars is normal—don't expect to open a long position and see it surge directly to 110,000-120,000; such a significant increase wouldn't happen in just one day.

The key is volume—although there's a pullback now, there hasn't been an increase in trading volume, indicating a phase of decreasing volume adjustment. A volume-decreasing correction usually doesn't fall too deep. As long as the pullback doesn't break below the flag pattern's range of 95,572-95,261, there's no need to worry about testing 93,800. More likely, the price will move sideways within the flag pattern before challenging 98,000 again.

This is the first challenge; there will definitely be a second opportunity. If the second attempt also fails, everyone should be alert—if the first failure can be explained, but the second also results in a loss, a deep correction is likely to follow.

**Trading Advice**: A volume breakout above 96,917 can be chased on the long side; if it drops below 95,753 with volume and then rebounds without reclaiming, consider shorting on the right side. Be sure to set stop-loss orders.

Hourly Chart: After breaking above and stabilizing at 96,917, look upward toward 98,050-99,292. Only a break above 96,917 can allow further upward movement.

4-Hour Chart: If it falls below 96,126, look down toward 94,655-93,557.

Resistance levels: 96,917-98,050-99,292
Support levels: 95,572-94,408-93,801

**Ethereum Technical Outlook**

The logic for ETH is similar—if volume breaks above 3,341, consider chasing long positions; remember to set stop-loss orders. If it drops below 3,310 with volume, short on the right side and protect your stop-loss.

When retesting support at 3,223, if confirmed to be strong, you can add a long position, but if it falls below 3,183, stop-loss should be triggered.

As long as it stays above 3,341 on the hourly chart, look upward toward 3,379-3,453. Keep an eye on 3,403 as a potential short entry; a break above 3,453 requires a stop-loss.

Left-side order: Long at 3,148, stop-loss below 3,103.

Resistance levels: 3,341-3,379-3,453
Support levels: 3,312-3,281-3,221

If it falls below 3,309 on the 4-hour chart, look down toward 3,271-3,221.
BTC1,91%
ETH1,82%
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MEV_Whisperervip
· 6h ago
This level at 98,000 is really a bit frustrating. It feels like it's about to break through but then pulls back again.
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LiquidatedThricevip
· 6h ago
Is 98,000 really that difficult? It feels like we're constantly testing and probing.
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ForumLurkervip
· 6h ago
Is 98,000 really that difficult? It seems like I have to try several times repeatedly.
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TradFiRefugeevip
· 6h ago
This level 98000 is really a watershed moment in fate—either break through or pull back. Just wait and see.
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BearMarketSurvivorvip
· 7h ago
Is 98,000 really that sacred? I feel like I can't get past it the second time either.
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