Today's Market Analysis:

Short-term fluctuations, key direction choices!

Recently, the price of Bitcoin (BTC/USDT) started a strong rebound from a low of 92,272.6 USDT, but after encountering resistance at 102,756.7 USDT, the price retraced to around 97,239.3 USDT. From a technical perspective, BTC's trend has entered a short-term fluctuation phase, with both bulls and bears battling at key moving average positions.

From the current technical indicators:

1. The short-term moving average MA(7) has slightly turned downward, indicating that the price is showing slight fatigue in the short term.

2. The MACD green bars are narrowing, but a clear golden cross has not yet formed, indicating insufficient rebound momentum.

3. The RSI and KDJ indicators show that bulls still have some room for a short-term counterattack, but attention needs to be paid to whether trading volume can effectively expand.

Key level analysis:

1. Short-term resistance above: 97,500-98,000; breaking through may test 102,000.

2. Support below: 96,443.3 (long-term moving average) is an important defensive area; once breached, the price may retest 92,272.6.

Operation suggestions:

1. Short-term long position layout:

• If it retraces to 96,500-96,800, consider trying a light long position, with a stop loss set at 96,000.

• Target towards 98,000, and further attention to whether there is an opportunity to challenge 102,000.

2. Short position opportunities:

• If the rebound encounters resistance at 98,000-98,500, consider trying to short, with a stop loss set at 99,000, targeting 96,500.

Risk warning: The current market sentiment is relatively cautious, it is recommended to operate with a light position, and strictly set profit-taking and stop-loss levels.

Future direction still needs to pay close attention to changes in trading volume and the gains and losses of key support and resistance levels! For more real-time interpretations, please continue to follow my updates!$BTC