#BTC重回关键位置后走势 BTC Trend Analysis: There Might Be Big Movements Tonight!

BTC is still quite strong now, the MA7 support on the daily chart is really solid. I mentioned yesterday that the 99,500 position is very critical, and indeed BTC dropped to around 99,200 before bouncing back. This support is really effective.

Tonight, BTC has to make a choice. At 5 AM, we will find out whether MSTR can enter the Nasdaq 100; I see a 90% chance for this, which is why the bulls are so aggressive right now.

Let's talk about support and resistance. The short-term support is still around 99,400, which is BTC's current "safety line." Resistance on the 1-hour chart is at 101,600, and on the daily chart, it is at 102,500. If MSTR doesn't enter the Nasdaq 100, BTC might drop a bit more, so pay attention to the 97,500 position.

Now let's see what's happening outside. The gold price has dropped a bit, indicating that risk-averse sentiment has slightly decreased, but there are no major negative impacts. Over in the US stock market, tech stocks are performing quite well, which should be good news for BTC when the market opens tonight. However, BTC is mainly expected to fluctuate slightly up and down tonight; we will have to wait for the result at 5 AM for the real drama.