Analysis: Bitcoin’s current trend lacks breakthrough continuity, and the pullback may not be over yet

Odaily News Affected by the situation between Israel and Iran, Bitcoin once dropped to $102,600, then quickly rebounded to about $106,000, but then fell back to $105,200, still 6% below its historical high. The CoinDesk 20 Index fell 4.4% during the same period, with ETH, AVAX and TON falling 6%-8%.
Despite the general decline in crypto stocks, Circle (CIRCL) bucked the trend and saw its share price rise by 13% due to the continuation of its post-IPO momentum and news that Amazon and Walmart were planning to deploy stablecoins.
Analysts generally believe that Bitcoin's current trend lacks continuity. Markus Thielen, founder of 10x Research, pointed out that falling below $106,000 is a signal of "failed breakthrough", and the short-term support is between $100,000 and $101,000. If it fails, it may return to the consolidation zone. John Glover, investment officer of Ledn, predicts that the callback range may drop to $88,000-93,000, and believes that around $90,000 will be a good entry point in the medium and long term, and it is expected to challenge the target of $130,000 in the future. (CoinDesk)