Daily Random Questions, D6

Yesterday saw a larger increase, but caution is still needed today!

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Key Resistance Level: Currently around $96,800 to $97,800. If buying pressure is strong and market sentiment is optimistic, Bitcoin may break through the resistance level, further challenging the psychological barrier of $98,500 or higher.

Support Range: $94,000 to $96,000. If the market lacks clear directional momentum, Bitcoin may fluctuate within the above range, waiting for further external factors to drive movement.

If market sentiment turns cautious or negative news arises, Bitcoin may fail to break through the resistance at $96,800 and pull back to seek support around $94,000.

For short-term traders, it is recommended to closely monitor the breakout or breakdown of these two key price levels, $96,800 and $94,000, to assess subsequent trends.

Long-term investors should respond cautiously to volatility and remain patient.

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Support and Resistance Points: BTC currently seems to have found some support near the 200-day moving average (EMA). It is expected that if it can hold above this level, there is a chance to challenge $100,000 again.

However, if it falls below this support, it may test the support level of $89,500.

Market Sentiment: Recent market sentiment indicates that while there is downward pressure, many investors remain optimistic about BTC's short-term rise. Particularly, if BTC can break through $99,500, it may re-enter an upward trend.

Technical Analysis: Based on daily level analysis, BTC may fluctuate at the current support platform, with target prices potentially between $102,000 and $104,000.

In summary, today's BTC trend may be fluctuating, but there are some clear support and resistance points to watch. If market sentiment remains optimistic, BTC may break upward in the short term, but caution is also required for potential downside risks.