Key Observation Points:

1. Current Price:

• The latest price of Bitcoin is $98,808.

• Slightly down from the previous price ($99,004), but overall still in a high range.

2. K-line Pattern:

• Recent K-line is mainly 📈, indicating that bullish sentiment dominates the market.

• The latest K-line has a long lower shadow, indicating strong support below, with bulls re-energizing at lower levels.

3. Price Fluctuation Range:

• High: $99,252 (recent peak).

• Low: $98,650 (current short-term support level).

4. Market Sentiment:

• Overall, the price is in an upward trend, indicating strong buying power in the market.

• While rising, there is a slight pullback, but it has not broken key support, showing bulls still dominate the market.

Short-Term Trend Prediction:

1. Possibility of Continued Rise:

• If the price can steadily stay above $99,000, it may challenge the psychological level of $99,500 or higher at $100,000.

2. Short-Term Pullback Risk:

• If the price fails to break through the resistance at the $99,000 area, it may pull back to $98,650 or lower support at $98,400.

Technical Recommendations:

1. Short-Term Trading Strategy:

• Bullish Strategy: If the price breaks through $99,000 and holds, consider a small position to go long, targeting $99,500.

• Buy the Dip Strategy: If the price pulls back to around $98,650 and shows signs of stopping, consider buying the dip, with a stop loss set below $98,400.