From a technical analysis perspective, the daily chart shows that the price of Bitcoin is consolidating around $100,000. EMA12 (12-day Exponential Moving Average) continues to rise to $98,700, indicating that the short-term trend remains upward. However, the MACD indicator shows a high-level divergence, suggesting that upward momentum may weaken. The Bollinger Bands are in a contracted sideways state, with the upper band at $102,000 and the lower band at $92,500, indicating that the price fluctuation range is narrowing and may be brewing a new breakout.
Support levels: $98,500 and $98,000
Resistance levels: $101,500 and $102,000