The nearest support area is currently $95,500 to $100,500, which means that this range is the most concentrated position of#BTCchips at this stage. This is also the support range in terms of on-chain data, because as long as the dense chips at this position are not destroyed, it is difficult for the price to fall below this range for a long time, not in the short term. Even if it falls below in the short term, as long as the support is not destroyed, the price will definitely come back.

There is no need to debate this issue. The support of $65,000 to $69,000 has been talked about for eight months before the election, and it was finally proved to be correct. Before that, the support between $25,000 and $30,000 was also talked about for eight months, so I believe that the theory of dense chips as support is still correct.

So the current mid-line should actually move down to around $98,000. I insist that $100,000 may be a bit high. If you want stability, $98,000 is currently supported by data, but I personally still think that the consensus at $100,000 is quite strong. This may be because the position determines the mind.