Bitcoin's recent trend still looks promising. After breaking the 3000-point fluctuation range, the price once surged to the 97,900 level. Many are asking whether 98,000 can be broken. From the current situation, this resistance level still remains quite strong and has not stabilized.



Since there has been no effective breakthrough above the resistance, the logic of chasing long positions is not very strong. The current strategy is instead to look for shorting opportunities. Consider shorting around the 96,300 area, with a target of 93,500 below. Overall, the rhythm still requires respecting the upper resistance; do not be overly optimistic blindly.

Market movements are often like this: prices repeatedly test resistance levels but ultimately tend to move in the direction of less resistance. The current phase is about waiting for confirmation signals rather than betting prematurely.
BTC-0,27%
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BugBountyHuntervip
· 01-19 00:45
This level at 98,000 is really stuck tightly; just looking at it, you know a pullback is coming. I support shorting at 96,300; anyway, chasing highs is just giving away money.
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DaisyUnicornvip
· 01-17 23:45
Getting stuck at 98,000 again, this flower still needs a bit of water.
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ShadowStakervip
· 01-16 05:59
tbh, respecting resistance is fine and all, but everyone says this before the rug pull anyway. 98k breaking feels inevitable eventually, just maybe not this week.
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FadCatchervip
· 01-16 05:59
The 98,000 level really became a hurdle. Don't rush to chase higher just yet.
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GweiTooHighvip
· 01-16 05:45
98K has been pushed back again. Still hoping for a bullish reversal? I think it's uncertain. Better wait for a signal before jumping in, don't get caught off guard.
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