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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.