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Yesterday's assessment of Bitcoin's trend largely held true, with the key level of 98,000 acting as a pressure point as expected. From a technical perspective, BTC has already formed a small-scale driving wave in the third segment of the red line, currently in a suppression phase.
Next, two key levels need to be closely watched: once it falls below 96,232, it indicates that the previous upward momentum is beginning to retrace, with 92,274 serving as support below. However, this retracement will not change the overall trend—if the support level holds, Bitcoin will continue to break upward.
Therefore, in the short term, two directions should be monitored. On the upside, 98,000 and 103,410 are two main resistance levels; if it does not break below 96,232, the probability of directly attacking 98,000 again is high. The market still leans toward an upward trend.