Hello everyone, happy weekend ❤️ I hope to take a few minutes of your valuable time to look at Bitcoin's recent market movements and expectations⬇️

First, I thought yesterday that Friday could reach 98k directly, but after 24 hours, the price remained unchanged, still around 95400. 😭

After a brief sideways movement yesterday, there was a small dip overnight, just hitting the support level of the platform, as shown below⬇️, with the price around 94500. After holding that level, it bounced back. This indicates that the previous high resistance at 94500 has now turned into a support level. Selling pressure has turned into buying pressure. It also suggests that the 94-98 range will continue to fluctuate.

I believe we will see some oscillation between 94 and 98, completing the distribution of positions, before a real decline begins.

Overall, it’s likely that the top will be around 98, with weekly moving averages acting as resistance. The daily chart shows structural resistance levels. The previous wave’s 50% retracement level is also here. After a few swings, many traders will jump in to catch the bull market, and this will be the last chance to escape.

This is the essence of a bear market. To make the chart look good, it has to look bad.
At its core, it’s all about liquidity.
With that, I wish everyone a pleasant weekend.