BTC Market Analysis:

On the daily level, BTC is still operating below the 5-day moving average, and at a lower level, it is also in a "below the line" state.

The current price is in the oversold area, and if the bearish candles continue to expand, it may attract bottom-fishing funds to enter the market.

Other cryptocurrencies in the market have already shown strong performance, indicating that the overall market has entered a bottoming stage. Once the distribution is completed and the bottom is confirmed, the price is expected to rise.

In terms of operational advice, shift to a bullish mindset, and when configuring daily bearish candles, it is advisable to moderately increase spot positions. In the short term, one can take advantage of BTC's decline to go long at low levels, which offers a relatively high cost-performance ratio.

BTC's short-term resistance level is in the range of 96970 to 98250, and the support level is in the range of 92970 to 91850.

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