Bitcoin 98000-94000 is still the daily-level dividing line for bulls and bears. Currently, 94000 is facing resistance, having failed to break it on two daily attempts. The bullish strength is insufficient. Since October, the cryptocurrency market has diverged from the U.S. stock market; when the stock market rises, the crypto market does not, and when the stock market slightly declines, the crypto market falls significantly. Caution is advised for long positions.
The Nasdaq is nearing its historical high and has a need for a pullback.
