The daily market trend of the BTC/USDT trading pair shows the current price at $96,960.01, with a change of 0.52%. The highest price in the last 24 hours is $97,839.50, the lowest is $94,392.00, and the trading volume is approximately 22,004.85 BTC.

Brief Analysis:

1. Moving Averages:

• MA7 support is near $94,906.94.

• MA25 resistance is at $98,194.86.

• MA99 serves as long-term support at $83,098.86.

2. MACD:

• Both DIF and DEA are in the negative zone, and the MACD histogram continues to show a downward trend, indicating that the market has not fully escaped the adjustment phase.

3. Trading Volume:

• The trading volume has shrunk compared to before, suggesting market sentiment is cautious.

Market Outlook:

Currently, Bitcoin's price is fluctuating near MA7. If the subsequent trading volume can expand and stabilize above $97,000, there is a possibility to continue challenging the psychological level of $100,000 above. However, if the rebound is weak, the price may test the support level of $94,000 again.

Investors are advised to closely monitor changes in trading volume and key support and resistance levels, while also managing risks effectively.