BTC Market Analysis 🚩
Yesterday, the BTC (Bitcoin) daily chart showed a strong upward trend, jumping from a low near 95,700 points to a high of 101,900 points, ultimately closing in the 101,100 point range. The key support below is at the MA7 moving average; if it breaks down, it may further pull back to the MA14 moving average, at which point one could consider buying on dips. Above, it faced multiple resistances at 101,250 points. If this level can be broken, it may initiate a new round of upward movement.
On the four-hour chart, the MA30 serves as short-term support, and if it breaks down, it may reach MA120, which is also suitable for buying. The MACD indicator shows a weakening of bearish strength and an enhancement of bullish strength, with a golden cross beginning to appear.
