$BTC

The current price of #BTC☀ is 97,256.95 USDT, near an important resistance level that has been tested multiple times. Recently, the price has repeatedly tested the purple area of support (96,000-96,500 USDT), indicating strong bottom support. The EMA (Exponential Moving Average) shows that the short-term moving average has crossed above the long-term moving average, forming a 'golden cross'.

Key support levels: 96,500 USDT, 96,000 USDT

Major resistance levels: 97,500 USDT, 98,600 USDT

The trading volume has not significantly increased, and attention should be paid to whether the breakthrough of key resistance is accompanied by an increase in trading volume to confirm its validity.

The recent statements from the Federal Reserve regarding interest rate policy have been relatively mild, and the market has a positive outlook on liquidity, which is beneficial for risk assets.

Recently, the inflow of Bitcoin funds into exchanges like Binance has increased, indicating that investor confidence is strengthening.

Breaking through 97,500 USDT allows for light follow-up, targeting 98,600 USDT. If it pulls back to 96,500 USDT and stabilizes, it can be bought at a low, targeting 97,500 USDT.

Stop loss: below 96,000 USDT.

This is a personal opinion for reference only, feel free to leave comments in the discussion.