Today, let's review the market outlook during lunchtime.

To be honest, we were just a little short of touching the 98,000 mark. Watching Bitcoin get stuck at this level, a pullback is quite normal, so everyone doesn't need to be overly nervous. The 98,000 level either cannot be broken or, if broken, will lead to a reversal on the daily chart. Think about it, the recent decline from 80,000 started at 98,000. If the daily chart can hold above 98,000 now, the big Bitcoin at 100,000 is not far away.

From a technical perspective, after a false breakout and a falling flag pattern, Bitcoin formed a Evening Star candlestick, which indicates that a correction is highly likely to follow. It’s normal for the price to rise from 90,000 to 98,000 and then retrace by about 3,000 dollars. Don’t expect a long position to shoot straight up to 110,000-120,000 right away; even if it does, it won’t happen in just a day or two. Pay attention to the volume below; although it’s retracing now, there hasn’t been a surge in volume, indicating a phase of volume contraction. Volume contraction during a correction usually doesn’t lead to deep declines. As long as it doesn’t break below the flag pattern’s support line at 95,572-95,261, it won’t drop to 93,800. Instead, it will oscillate within the flag pattern and then push back up toward 98,000. This is the first challenge, and there will be a second opportunity. But if the second attempt also fails, everyone should be alert—first failure is understandable, but a second failure usually signals a deep correction.

**Trading Suggestions**

If Bitcoin breaks through 96,917 with volume, consider chasing long positions on the right side. If it falls below 95,753 with volume and the rebound fails to recover, chase short positions on the right side—remember to set a stop-loss.

On the hourly chart, a break and hold above 96,917 can target the 98,050 to 99,292 range. Only after breaking 96,917 can it continue to take off. If the four-hour chart falls below 96,126, look toward the 94,655-93,557 support zone.

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

**Market Sentiment**

A volume breakout above 3,341 on the sentiment indicator suggests chasing long positions on the right side. If it falls below 3,310 with volume, consider chasing short positions—set your stop-loss accordingly. If it retraces to 3,223 and confirms support, you can add to your position; if it falls below 3,183, cut your losses immediately. As long as it stays above 3,341 on the hourly chart, look toward 3,379 to 3,453. If there’s resistance at 3,403, consider shorting, with a stop-loss above 3,453.

There are also previous left-side orders: a long at 3,148; if it falls below 3,103, stop-loss.

Upper resistance levels: 3,341 - 3,379 - 3,453
Lower support levels: 3,312 - 3,281 - 3,221

If the four-hour chart falls below 3,309, look toward the 3,271-3,221 support zone. The triangle pattern on the sentiment indicator has been broken, and an M-head pattern has appeared inside the triangle, with the neckline at 3,282. Once the neckline is broken, the M-head pattern is confirmed, and a retracement to the 3,202 support is necessary. Only by reclaiming above 3,343 can the current downward trend be halted.