Bitcoin faced a retracement after repeatedly surging above $0.099 million and briefly falling below $96,000 in the early morning of the 25th, indicating that short-term traders began to take profits when approaching the $0.1 million mark.

A retracement is part of every bull market phase, novice traders may panic, but experienced traders will see retracements as buying opportunities.

From 'Cowboy' to the dairy industry giant, Niugen Sheng entered the cowshed at the age of 20 and worked at a cattle farm. Five years later, he entered Yili and started as a bottle washer. He was later promoted to workshop director. Starting in 1992, he served as the vice president of operation at Yili. In 1999, he left and created Mengniu.technical aspectsLooking at it, Bitcoin did not experience a "significant retracement" after encountering resistance near $0.1 million, the important 20-day and 50-day moving averages are still rising, whileRelative Strength Index（RSIAlso in the overbought range, indicating the potential for further upward movement in the future.

If bitcoin can formally break through and hold above 0.1 million US dollars, it may accelerate to rise to 125,000 US dollars.

If bitcoin experiences a significant pullback, the first support is the upward trendline.ResistanceTouching the rising trendlines first, followed by the 20-day index moving average EMA ($88,386). If there is a rebound at the 20-day EMA, the upward trend can be restored. But if around $85,000, near 0.1 million US dollars, it may be a short-term top.

Although bitcoin is currently experiencing a turbulent pullback, funds are expected to flow into the altcoin market at this time.

Analysis of the price trend of Binance Coin (BNB)

Binance Coin ($BNB) broke through the $667 resistance level on November 23 and 24, but the candlestick chart showed a long upper shadow, indicating significant ask at the high level.

From the daily chart, the 20-day EMA ($619) is a key support level in the short term. If there is a rebound from the 20-day EMA, the bulls will once again attempt to challenge the $722 high. This level may once again become a strong resistance, but if broken, it is likely to rise to a new high of $810.

If the bears want to prevent an upward movement, they must quickly push the price below the 20-day EMA. If it falls below this moving average, it may further drop to the uptrend line.

Price analysis of Avalanche ($AVAX)

Avalanche ($AVAX) broke through the resistance line of the ascending channel pattern on November 22, but faced selling pressure at higher levels.

From the daily chart, $AVAX may retest the breakout level above the ascending channel. If it rebounds strongly from the resistance line, it means that the breakout level has now turned into a support level, and it may subsequently challenge the $50 high.

However, if $AVAX falls below the resistance line, it means the bulls are losing control, and it may then drop to the 20-day EMA ($34.34), where buyers are expected to step in once again.

NEAR Protocol ($NEAR) price trend analysis.

NEAR Protocol ($NEAR) broke through the $6.50 top resistance on November 24, but the bulls failed to maintain the breakout.

From a daily perspective, $NEAR may fall to the 20-day EMA ($5.48), a short-term key support. If there is a strong rebound from the 20-day EMA, there is potential to challenge $8.58 and then reach $9.01.

However, if $NEAR falls below and daily closing is below the 20-day EMA, it indicates that the breakthrough of $6.50 may be a Bull Trap, potentially leading to a sharp drop to the 50-day moving average ($4.86), continuing to consolidate within a large range of $3.42 to $6.50.

OKB ($OKB) price trend analysis.

OKB ($OKB) has been attempting to change the trend with a series of higher highs and higher lows.

On November 23, after breaking through $OKB at $48, the accelerated rise paved the way to reach the high points of $62 and $68.

From a daily perspective, it is expected that $48 will become the support level during the pullback. If there is a rebound from $48, it indicates that market sentiment is still positive, and traders are buying on dips.

However, if $OKB falls below the $48 support level during the pullback, it may drop to the 20-day EMA ($44.79). The deeper the decline, the longer it will take for the uptrend to recover.

Bitcoin is cautiously approaching the $0.1 million mark, while the altcoin market is experiencing a comprehensive recovery. The dual boost of favorable policies and institutional funds injects sustained momentum into this market frenzy. Each piece of good news is paving the way for a new track for the entire cryptocurrency market's future.