**Bitcoin Market Analysis**



At midday, Bitcoin hit a new high again, and the momentum is quite good. However, there is a bit of regret—just a few dozen dollars away from reaching the 98,000 level. Currently, a pullback has occurred due to resistance at this level, which is normal; there's no need to worry excessively.

The 98,000 level is very critical—either it breaks through or, once it stabilizes on the daily chart, a reversal could happen. Reflecting on the previous decline from 98,000 to 80,000, if it can establish a foothold here, reaching 100,000 for Bitcoin should be just around the corner.

From a technical perspective, Bitcoin previously formed a false breakout of a bearish flag pattern, followed by a Evening Star candlestick, indicating that a correction is needed. Even a rise from 90,000 to 98,000 and then a pullback of about 3,000 dollars is normal—don't expect to open a long position and see it surge directly to 110,000-120,000; such a significant increase wouldn't happen in just one day.

The key is volume—although there's a pullback now, there hasn't been an increase in trading volume, indicating a phase of decreasing volume adjustment. A volume-decreasing correction usually doesn't fall too deep. As long as the pullback doesn't break below the flag pattern's range of 95,572-95,261, there's no need to worry about testing 93,800. More likely, the price will move sideways within the flag pattern before challenging 98,000 again.

This is the first challenge; there will definitely be a second opportunity. If the second attempt also fails, everyone should be alert—if the first failure can be explained, but the second also results in a loss, a deep correction is likely to follow.

**Trading Advice**: A volume breakout above 96,917 can be chased on the long side; if it drops below 95,753 with volume and then rebounds without reclaiming, consider shorting on the right side. Be sure to set stop-loss orders.

Hourly Chart: After breaking above and stabilizing at 96,917, look upward toward 98,050-99,292. Only a break above 96,917 can allow further upward movement.

4-Hour Chart: If it falls below 96,126, look down toward 94,655-93,557.

Resistance levels: 96,917-98,050-99,292
Support levels: 95,572-94,408-93,801

**Ethereum Technical Outlook**

The logic for ETH is similar—if volume breaks above 3,341, consider chasing long positions; remember to set stop-loss orders. If it drops below 3,310 with volume, short on the right side and protect your stop-loss.

When retesting support at 3,223, if confirmed to be strong, you can add a long position, but if it falls below 3,183, stop-loss should be triggered.

As long as it stays above 3,341 on the hourly chart, look upward toward 3,379-3,453. Keep an eye on 3,403 as a potential short entry; a break above 3,453 requires a stop-loss.

Left-side order: Long at 3,148, stop-loss below 3,103.

Resistance levels: 3,341-3,379-3,453
Support levels: 3,312-3,281-3,221

If it falls below 3,309 on the 4-hour chart, look down toward 3,271-3,221.
BTC-4,1%
ETH-6,92%
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failed_dev_successful_apevip
· 01-18 03:31
This level at 98,000 is really too frustrating, just a little bit more to go.
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BlockchainDecodervip
· 01-17 00:16
According to studies, the retracement patterns after multiple touches of key integer levels often follow specific technical rules. It is worth noting that the author's discussion of the two challenges at 98000 has its merits, but it lacks an in-depth analysis of the microstructure during the consolidation retracement.
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MEV_Whisperervip
· 01-15 04:51
This level at 98,000 is really a bit frustrating. It feels like it's about to break through but then pulls back again.
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LiquidatedThricevip
· 01-15 04:48
Is 98,000 really that difficult? It feels like we're constantly testing and probing.
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ForumLurkervip
· 01-15 04:48
Is 98,000 really that difficult? It seems like I have to try several times repeatedly.
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TradFiRefugeevip
· 01-15 04:47
This level 98000 is really a watershed moment in fate—either break through or pull back. Just wait and see.
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BearMarketSurvivorvip
· 01-15 04:35
Is 98,000 really that sacred? I feel like I can't get past it the second time either.
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