Recently, Bitcoin has encountered quite a bit of resistance at high levels. It surged to nearly 98k in the short term, a level that had been highlighted before, and indeed, there was a nearly 2000-point pullback around this area. This decline also presents a good opportunity for short sellers.

The key now is whether the 94k support level can hold. If the price continues to rebound but fails to break this support, it indicates there is still underlying strength below. At the same time, do not underestimate the pressure above 98k; these are the two most critical levels to watch in the short term.

From the daily chart, the repeated confirmation of this range suggests that we need to keep a close eye on market movements. The battle between support and resistance levels often provides trading signals, and timely capturing of trend reversals happens at these key points.

It is recommended to continue monitoring the performance of these two levels; any breakout or retest could indicate the next direction. The market pace is accelerating, so reactions need to be swift.