BTC today’s market performance contrasts with yesterday’s US market open. Although there is still buying support at the bottom, it is noticeably weaker than yesterday’s performance. The selling pressure above the $98K level remains heavy, which is a key factor restricting the rebound.

Combined with today’s consolidation fluctuations, the tug-of-war between bulls and bears will further depress the price, especially around the $98K mark—this level has become an important psychological and technical resistance.

From a lower time frame perspective, the previous consolidation lows and support levels can still serve as reference points. The market is currently in a phase of adjustment and accumulation; resolving the selling pressure at $98K in the short term is crucial for whether a new upward trend can be initiated.