BTC Market Analysis🚩

Due to yesterday's market news, BTC's daily line showed a significant decline, dropping from a peak of about 106500 to a low near 100000, with a final closing price close to 100200. The current support zone is near the MA30, providing an opportunity for bulls to cover. The upward resistance is seen at the MA7 moving average; once broken, it may rise to the 104500 area. The MACD indicator shows an increase in bearish strength.

On the four-hour chart, the MA120 serves as short-term support; if lost, it may test the MA200. It is recommended to buy on dips in the 100100 to 99100 range, with an expected rebound range of 102800 to 106500.